A Chapter 12 bankruptcy is reserved for those classified as a "family farmer" or a "family fisherman". It is less expensive and complex than other options, which is often something that is invaluable to you as a farmer or fisherman. Southwell & O'Rourke P.S. will help you the whole way.

A Chapter 12 bankruptcy involves creating a plan to repay your debts over a three to five year period. Although you will remain in control of your business, a trustee will be appointed to oversee the daily operations of the business. The trustee ensures the creditors continue to be paid.