chapter 12

[cowboy777]

i am not new to forums so i used the search first brfore i started this post but i am a farmer and i am looking to maybe file a chapter 12 is what i was told was set up for family farmers and fisherman. I am both i am a family farmer of catfish and bass. i dont find anything about the 12 even though i have read what that is was looking for someone that has gone through it to ask some questions i have talked to a lawyer and he saaid some things that i would like to see if it was the same for them because the picture he was paionting me sure sounds good will give me my life back and i will get to keep the property the farm does anyone have any expertize or gone thru a chapter 12 and i am in Texas

[MSbklawyer]

Wow. A Chapter 12 question. A catfish farmer. That sounds like Mississippi. 12 is not much different than 13. The primary difference being the amount of debt allowed.

[LALADY]

Ch12 looks very much like 13 with some different ceilings, etc.

http://www.filing-bankruptcy-form.com/chapter-12.html

My guess is some of the gurus here would be able to work through your questions with you.

[justbroke]

While I am considered, in post count, a Guru, I have never dealt with a Chapter 12, although I'm familiar with it for "family" farmers. It's not the end-all and panacea. It was definitely meant for "small" family farmers. Depending on your debts, you could still end up in Chapter 11, or a Chapter 13 may be more appropriate.

As such, I highly recommend a few consults with attorneys familiar with Chapter 12s. You probably won't find alot, unless you're in a predominantly family farming area.