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Chapter 12 in San Antonio

Helping Texas Farmers

If your farm is at risk of foreclosure, Chapter 12 bankruptcy may provide you with the debt relief you need. Let our experienced San Antonio debt relief lawyers at Villa & White help you complete your application and answer any questions you may have about the process. While similar to Chapter 13 bankruptcy, Chapter 12 was specifically created for farmers and fishermen in order to provide relief during the 1980s when a push from agricultural credit was forcing many family farms to shut down.

Learn how we can provide you with the legal counsel you need by calling us at (210) 625-4313 or contacting us online.

Who Qualifies for Chapter 12 Bankruptcy?

As stated above, Chapter 12 was created with family farmers in mind. Since it is extremely limited in scope, it should come as no surprise that this type of bankruptcy accounts for less than 1% of all bankruptcies filed each year. In order to be eligible, the individual or corporation must receive regular annual income from either farming or fishing.

Additionally, the following conditions must also be met:

  • Debts cannot exceed $4,153,150 for farmers and $1,924,550 for fishermen
  • Half of the amount of the debts owed must be due to farming, or 80% for fishermen
  • More than half of their income must come from fishing or farming

Chapter 12 Repayment

After filing for bankruptcy, many farmers are able to continue working while the case is being processed. Similar to a Chapter 13 bankruptcy, the debtor is required to propose a payment plan to creditors. The payment plan can be anywhere from three to five years and it must be submitted within 45 days of the filing date. Our San Antonio debt relief attorneys have the knowledge to provide you with legal counsel throughout the entire process, from filing to drafting a payment plan.

For more information about Chapter 12 bankruptcy in San Antonio, please feel free to reach us at (210) 625-4313.

Why Hire Villa & White?

  • We have experience successfully handling cases just like yours
  • We provide personalized attention to you and your case
  • We offer free consultations, regardless of your legal matter
  • Dont take our word for it, see what our happy clients have to say about us

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