Palm Desert Chapter 12 Bankruptcy Lawyer

Debt Solutions for Family Farms & Fishing Operations

Chapter 12 is a newer type of bankruptcy that was created specifically for the unique challenges and difficulties faced by family farmers and family fishermen. At J. Doling Law, PC, our Chapter 12 bankruptcy attorney in Palm Desert helps families in the farming and fishing industries find debt relief and workable solutions to financial problems. We serve clients throughout Riverside, San Bernardino, San Diego, Los Angeles, and Orange counties.

Get in touch with us today at (760) 884-4444 to learn if you qualify for Chapter 12.

Qualifying for Chapter 12 Bankruptcy

This type of bankruptcy is limited to individuals or married couples who own a family farming or commercial fishing operation. The debt limits are higher than the limit for Chapter 13 bankruptcy. More than half of the individual or couple’s annual income must come from the farming or fishing business. Additionally, at least 50% of the debt must come from the farming operation, or 80% from a family fishing operation.

A Simplified Process

Like Chapter 13, this type of bankruptcy allows you to restructure your debt in a repayment plan that lasts between three and five years. Chapter 12 is similar to Chapter 13, but the process is simpler and offers greater flexibility in how payments are structured. Due to the seasonal nature of these businesses, periodic payments are designed to fit the unique circumstances.

The Chapter 12 filing process involves:

• Preparing and filing the bankruptcy petition
• Meeting with creditors
• Developing a repayment plan
• Having the bankruptcy judge confirm the plan
• Discharging remaining debts after successfully completing the repayment plan

The bankruptcy process can be complex, but our Chapter 12 lawyer in Palm Desert can evaluate your financial situation to determine if you meet the qualifications for this type of bankruptcy. We can guide you through every step of the process, from preparing and filing your petition to debt discharge at the end of your repayment plan.

Contact us at (760) 884-4444 to schedule a free consultation to discuss your options.