Bankruptcy for Farmers
If you operate a small family farm, there is a special type of bankruptcy designed just for you. You can also find out how to remove a bankruptcy from my credit report. Filing for Chapter 12 bankruptcy protection will help protect your means of income and your way of life. A Chapter 12 bankruptcy is generally less expensive and less complicated than other types of bankruptcy, so long as you meet the qualifications. At least half of your income must be derived from your farm. There is a limit to how much debt you can include in a Chapter 12 filing, but you will have the opportunity to either restructure your debt, have your debt at least partially discharged, or both.
