Chapter 12 Bankruptcy | Kevin Ahrenholz Bankruptcy Lawyer Des Moines & Cedar Rapids

Iowa Chapter 12 Bankruptcy

Understanding Chapter 12 Bankruptcy

Chapter 12 allows reorganization of debt for farmers who have too much liability to qualify for a Chapter 13 reorganization and who do not want to go to the expense of a Chapter 11. Farmers can save their struggling farming operation and restructure debt to help the farming operation survive. Or, a farmer might use the threat of a Chapter 12 bankruptcy, as leverage to bring creditors to the table to negotiate a viable workout plan that will allow the operation to continue in some fashion.

Bankruptcy Relief is an Option

The Bankruptcy Code is a complex federal law, which is why you need effective legal representation to help you. Bankruptcy is on the rise, as it is not easy keeping up in today’s economy. There should be no stigma associated with it, as it is no different than any other federal body of law where people benefit from its application, such as claiming a deduction or tax credit on a tax return pursuant to federal tax law.

Both laws provide a financial benefit to the individual if they follow the law, but no one feels ashamed or embarrassed claiming a tax deduction to protect money from government reach. Similarly, no one should feel ashamed protecting their income and assets from the reach of creditors by utilizing federal bankruptcy law.

If you are eligible, the law is there to protect you, and so are our Iowa chapter 12 lawyers, we are here to help you and your family get a fresh start. Bankruptcy is designed to give an honest debtor a lease on life by relieving them of most debts and to pay creditors to the extent the debtor has assets or income.

As your Iowa bankruptcy attorneys, we strive to make your payments affordable, allowing you to keep as much as you can. Give us a call. We have very reasonable fees, flexible payment plans and offer free consultations and quotes. We have your back covered when you need help the most.

Iowa Bankruptcy Lawyer and Chapter 12 Attorney

If you are thinking about filing bankruptcy, you are not alone. Our lawyers are here to help individuals and businesses deal with debt through Chapter 7 debt relief, Chapter 11 debt reorganization, Chapter 12 debt reorganization for farmers, and Chapter 13 debt restructuring and management solutions.

We can stop creditor harassment, garnishments, foreclosures and repossessions much more efficiently and effectively than debt settlement companies and credit counseling agencies. We offer high quality legal representation, compassionate legal advice, and straightforward solutions to solve your financial problems.

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