We are proud to live in one of the most fertile and productive states in the U.S. Farmers and fishermen are our friends and neighbors here in Oregon and Washington, and we understand the work and determination it takes to keep your businesses alive. But we also know more and more of our farmers are in financial trouble. Farming operations passed down from generations before are difficult to keep running. The equipment you need is increasingly expensive. The land isn’t cheap and labor is higher every year. That’s why we want you to know there are options just for you, bankruptcy for Oregon farmers.
Chapter 12 – Farmers Only (and Fishermen too)
As a farmer you have more bankruptcy protections than any other group. If your primary source of income is from your farm or fishing business you probably qualify for Chapter 12 bankruptcy. It has very narrow and specific requirements, because it is designed to protect just farmers and fishermen. The government recognizes that it takes a great deal of very expensive equipment and land to run a farm. And there are more natural variables in your profit margins than almost any other profession. They created Chapter 12 bankruptcy to give farmers and fishermen a way to manage overwhelming debt and continue to provide food and services.
Get your debts under control quickly.
If you qualify, Chapter 12 is a great way to get your debts under control and get a fresh start for your business. It’s a great deal like Chapter 13 bankruptcy, with an affordable repayment plan. Legal actions and creditor calls have to stop, giving you immediate relief. You’ll pay what you can afford, and after making payments (for typically 3-5 years), you may be discharged of your debts. Any debts that remain will be repaid in a schedule you can afford. That means you’ll be free from the crippling debts that have been weighing you down. Free and able to continue running your business.
Hire the right team.
We are proud to have experience helping our Oregon and Washington’s food providers with their financial problems. We specialize in bankruptcy for Pacific Northwest farmers because we want to help you get back on your feet and continue running the business you love. You can learn more about Chapter 12 bankruptcy here. Call us for a free consultation to see if you qualify. We’re here to help.