Debt Relief For Family Farmers
If your farming business has run into severe financial trouble, you may have realized that going deeper and deeper into debt isn’t an option anymore. But what can you do to move forward, when you can’t get traction on your debt?
I am Rush M. Shortley. With more than 40 years of experience in bankruptcy law, I can help you use the available laws, including Chapter 12 bankruptcy, to get debt relief and create a more viable financial future.
From offices in Cedar Rapids and Coralville, I serve clients throughout eastern Iowa. Call 800-592-1969 to discuss your specific situation.
Are You Eligible For Chapter 12 Bankruptcy?
Chapter 12 of the Bankruptcy Code provides debt relief for family farmers and family fishermen with a certain amount of annual income. You have to meet certain guidelines, but I can guide you through the process.
The process includes:
- Proposing a repayment plan to pay back creditors, generally over a period of three to five years
- Deciding whether to file as an individual, an individual and spouse, or as a corporation or partnership
- Quantifying the amount of secured and unsecured debt
- Reorganizing your business
The paperwork for Chapter 12 is very detailed, as you determine your assets and liabilities. Using my more than 40 years of experience as a bankruptcy lawyer, I can help tackle the issues needed to restructure your finances and debts in order to get a fresh start.
Take Action Today
Rush M. Shortley, Attorney at Law, is a debt relief agency. My firm helps people file for bankruptcy relief under the Bankruptcy Code.