What is Chapter 12 Bankruptcy?
Modeled after Chapter 13 bankruptcy, Chapter 12 is a relatively new addition to bankruptcy laws. It provides reorganizational advantages and financial relief specifically for family farmers and fisherman in debt. Today, our Tampa, FL based bankruptcy attorneys shed light on this bankruptcy option for seasonal businesses. About Chapter 12 Bankruptcy When most business owners think of bankruptcy law, they tend to think of Chapter 11, 13, or 7. In addition to these three types of bankruptcy, there is also what’s referred to as Chapter 12. This form of bankruptcy law allows “family farmers” and “family fisherman” to avoid foreclosure […]