Chapter 12 Bankruptcy

Farming is an incredibly rewarding, but immensely difficult, way in which to make your living. Success depends just as much on the weather patterns as hard work and perfect planning — and is never guaranteed. Due to no fault of your own, you may find yourself in a situation that prevents you from paying your bills on time and threatens your livelihood.

If you are a farmer or vineyard owner facing collections from your creditors, the Liviakis Law Firm is here to help. We have an in-depth understanding of Chapter 12 of the Bankruptcy Code, and how it can best be used for debt relief for farmers. For a free initial phone consultation, contact our Sacramento Chapter 12 bankruptcy attorneys.

California Farmer Bankruptcy, Attorney Advising on Reducing Secured Debt

“Family farmers,” as specifically defined by the Code, are eligible to file for Chapter 12 bankruptcy, which combines components of Chapter 11 and Chapter 13 bankruptcies.

Through filing for Chapter 12, a farmer has the opportunity to reduce the secured debt on his or her farm property, and to raise money to cover costs through post-petition financing. Lower interest rates are available after filing for Chapter 12 due to decreased risk for the bank in granting the loan, because these loans have the highest priority amongst all other debts — meaning that if any future financial difficulties occur, the post-petition loan is paid first.

Time is also a significant benefit of filing for Chapter 12 bankruptcy, as the process provides the necessary time to sell the available crops for a fair price rather than repossessing equipment or foreclosing on collateral, usually the farmers’ crops.

If You Suffered Crop Failure, Contact a California Bankruptcy Lawyer

If a crop failure has put you in a complicated financial situation, contact an office near you for a free initial consultation with an experienced, knowledgeable bankruptcy lawyers . You will benefit greatly from the representation of a bankruptcy lawyer who has experience handling Chapter 12 bankruptcy filings.

Client Reviews

Mr. Liviakis is extremely knowledgeable and answered all of the questions that we had about our situation. He made a really difficult time manageable with his help and expertise. I would definitely recommend...

Lindsey Joyner

Mik helped us save our home and settle with creditors during the pandemic after we were forced to close our family business for over a year. I am forever grateful. He was kind and professional and followed up...

Jina and Steven Hale

Mr. Liviakis was timely and professional. He patiently answered questions and explained the process. He provided handouts that clearly outlined due dates. The firm's paralegal was very easy to work with. I...

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Attorney Liviakis is simply the best, he demeanor, concern convey when you visit his office and on the phone. Brent is so kind also! I hope to never be in my situation again but if so I m calling Attorney...

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Mr Liviakis was great in assistant me with my bankruptcy during a very difficult time in my life. I appreciate his effort and understanding and everything went smooth. Thank you, hopefully we never have to do...

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Positive: Professionalism, Quality, Responsiveness, ValueVery satisfied with the quality of work and friendly service of Liviakis Law Firm 100% recommended!

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