Southwell & O'Rourke P.S. - Bankruptcy | Spokane, WA

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Business Reorganization

Chapter 12

How a Chapter 12 Bankruptcy Works

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.

Is a Chapter 12 bankruptcy right for you?

In order to file for a Chapter 12 bankruptcy, you must be engaged in farming or fishing operation. Your debt of the operation must be under $3,792,650.00. Over half of your income must come from your farming or fishing operation.


More bankruptcy help

You don't have to traverse this process alone

We know filing for bankruptcy is not easy. Our experienced attorneys can help you in obtaining a fresh start and help you get out of debt. Call us at 509-624-0159 and let us know your situation. We will then provide the best possible advise in debt-related issues.

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