Raleigh Chapter 12 Bankruptcy Attorneys

At the Bradford Law Offices, PLLC, our Raleigh Chapter 12 bankruptcy lawyers are dedicated to helping struggling businesses deal with their financial problems quickly and effectively. When any business faces unmanageable debt obligations, it typically has the option of pursuing debt relief through bankruptcy protection. This is particularly true for farms and fisheries in the United States, which are eligible to pursue a form of bankruptcy reserved exclusively for their use. Because of the particular vulnerability that these businesses may face due to the volatile nature of the industry, our government allows struggling farms and fisheries to pursue Chapter 12 bankruptcy protection.

If you own or operate a family farm or fishery and you are struggling to manage your financial obligations, Chapter 12 bankruptcy may be your best available option. Contact the Raleigh Chapter 12 bankruptcy lawyers of the Bradford Law Offices, PLLC today at (919) 758-8879 to speak with a qualified member of our legal team about the details of your situation and whether Chapter 12 bankruptcy may be right for you.

Benefits of Chapter 12 Bankruptcy

Chapter 12 bankruptcy is very similar to Chapter 13 in how it is structured. However, it provides additional benefits not available to those pursuing Chapter 13 bankruptcy, including:

  • Higher debt ceilings than those under Chapter 13 bankruptcy
  • Increased exemptions from financial obligations

For these and many other reasons, Chapter 12 bankruptcy may be the best choice for farmers or fishers struggling with debt issues. If you think that Chapter 12 bankruptcy may be right for your business, contact the Bradford Law Offices, PLLC today and learn more about:

Your business should not have to struggle another day under the weight of unmanageable debt, so contact us today to learn more about whether or not Chapter 12 bankruptcy protection can offer the financial and legal assistance your company needs.

Frequently Asked Questions

We often get many of the same questions from our clients considering bankruptcy. For your convenience, we’ve provided a few of the most frequently-asked questions. If you don’t see the answer you need below, or if you are ready to discuss the specifics of your financial situation with a professional, please contact us at (919) 758-8879 immediately.

Who is eligible for Chapter 12 Bankruptcy?

“Family farmers” and fishermen who have a “regular annual income” are the only debtors who are eligible to take advantage of Chapter 12 bankruptcy protection. Chapter 12 bankruptcy was developed in the 1980’s to help fishermen and farmers in that and future eras who have very particular bankruptcy needs due to the seasonal nature of their jobs. It’s available for two categories of people within these specific industries: individuals and their immediate family, or a corporation or partnership. Furthermore, potential debtors must not have had a dismissed bankruptcy claim in the 180 days before their new petition, and they must have had credit counseling within that same time period.

Why is declaring bankruptcy a good idea?

At the Bradford Law Offices, PLLC, however, we understand that, especially as a farmer or fisherman, debts can sometimes be far outside your control. For many people, filing for bankruptcy is a smart, proactive move that can help you reorganize your finances and get out of debt. When everything goes according to plan, and with the help of an experienced attorney, you’ll find that you’ll be far better than you were before you filed. If you use bankruptcy to your advantage, you’ll find that it’s far easier to get your finances back on track and save yourself additional stress and strain.

Why should I choose Bradford Law Offices, PLLC to help me?

For more than a decade, the bankruptcy attorneys of Bradford Law Offices, PLLC have helped individuals and businesses free themselves from the burden of debts and continue on with their lives and business operations. If you are in the specific industries (farming and fishing) that qualify for Chapter 12 bankruptcy protection, and are struggling to pay your debts, don’t hesitate to contact our experienced team today. We have the legal knowledge and resources to help you understand your options, file for bankruptcy, and emerge in a much better, healthier financial situation. Contact our team today at (919) 758-8879 to get started on your path to freedom.

Contact Us

If you or someone you know is uncertain about how to manage your farm or fishery’s debt problems, speaking with an experienced legal professional can be a significant aid. Contact the Raleigh Chapter 12 bankruptcy attorneys of the Bradford Law Offices, PLLC at (919) 758-8879 today to learn more about your legal rights and options in this difficult situation.