Behm Law Group, Bankruptcy Attorneys

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Entries Tagged as 'Chapter 12 Bankruptcy'

Recent Histories of Chapter 12 Bankruptcy in Mankato, MN and How It Affects Farmers Today

August 9th, 2019 · No Comments

Farming as a profession has experienced more drastic changes to economic standing in the U.S. during the past 50 years than almost any other types of industry. In the 1970s, farming in Minnesota and across the U.S. was reaching an all-time high, with the value of land meeting higher heights than ever before. Export of […]

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Tags: Chapter 12 Bankruptcy

Understanding a Potential Congressional Reform of Chapter 12 Bankruptcy in Luverne, MN

June 1st, 2019 · No Comments

Across the Midwest, family-owned farms are still struggling to make ends meet after a difficult start to the growing season. Farmers and fishers in the region are facing large debts without an income to match the required monthly payments. Because of these financial difficulties, more and more families are filing for bankruptcy or seeking other […]

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Tags: Chapter 12 Bankruptcy

Rising Debt in the Growing Season Increases Cases of Chapter 12 Bankruptcy in Mankato, MN

May 10th, 2019 · No Comments

Ever since people have learned to grow plants and care for livestock, farming has proved to be one of the most difficult occupations in which to make money. Because farming is so dependent on natural conditions, it’s inevitable that it is often filled with hardship. In today’s global economy, and in the face of changing […]

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Tags: Bankruptcy · Chapter 12 Bankruptcy

Farms and Other Local Midwest Food Suppliers File for Chapter 12 Bankruptcy in Mankato, MN

February 4th, 2019 · No Comments

Farming is a notoriously difficult profession even with the knowledge, tools, and power agriculturalists have access to today. Throughout the ages, farmers have faced challenges with the weather, soil conditions, seed fertility, plant diseases, pests, economy crashes, and many other variables. With all the hardships farmers face, it’s incredible there are so many strong people […]

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Tags: Bankruptcy · Bankruptcy Advice · Bankruptcy Attorneys · Bankruptcy Code · Bankruptcy Information · Chapter 12 Bankruptcy · Minnesota Bankruptcy

Qualifying as a Family Farmer or Fisher to File for Chapter 12 Debt Repayment Bankruptcy in Owatonna, MN

December 27th, 2018 · No Comments

Agricultural industries in the U.S. have changed dramatically over the last fifty years, developing to meet the needs of a growing population and global market while battling many other obstacles. Today’s agricultural industrial complex is equipped to provide abundant food year-round to virtually every community, but because of its structure, it has also made it […]

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Tags: Bankruptcy Information · Chapter 12 Bankruptcy · Minnesota Bankruptcy

Cancellation and Charging-Off vs Debt Discharge in Bankruptcy in Marshall, MN

May 15th, 2018 · No Comments

When you enter into a loan agreement, it’s implied and expected you’ll repay the debt in full with interest. However, nobody is perfect. There are many life events that can affect your ability to meet debt obligations, especially when you accumulate several debts over time. If you find yourself unable to make monthly loan payments, […]

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Tags: Bankruptcy Information · Chapter 12 Bankruptcy · Chapter 13 Bankruptcy · Chapter 7 Bankruptcy

Possible Plan Outcomes with Chapter 12 Bankruptcy in Jackson, MN

April 10th, 2018 · No Comments

The seasons of winter and spring in Minnesota are the most difficult times for farmers who support their households with income from agricultural sources. In fact, it’s a time when bankruptcies filed by family farmers spike across the country. In 1987, Chapter 12 bankruptcy was added to the bankruptcy code to help family farmers recover […]

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Tags: Bankruptcy · Bankruptcy Advice · Bankruptcy Code · Chapter 12 Bankruptcy · Minnesota Bankruptcy

Benefits of Chapter 12 Over Chapter 13 for Farmers and Fishermen Considering Bankruptcy in Redwood Falls, MN

June 28th, 2017 · No Comments

For most households, filing for bankruptcy without liquidating assets involves Chapter 13 bankruptcy, a process that effectively reorganizes debts and alters amounts to be repaid along with the overall repayment period. While most consumer households and individuals should opt for Chapter 13 if their goal is to retain much of their property through bankruptcy, there’s […]

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Tags: Chapter 12 Bankruptcy