If you are considering Chapter 12 bankruptcy, one of your biggest concerns may be whether you can keep using the equipment your farm depends on. Tractors, harvesters, milking systems and other machinery are not just valuable assets. They are tools that help you plant,...
If you are going through a divorce in New York, you likely need to complete a statement of net worth early in the process. While it is a standard part of the proceedings, it can be common for many to be unfamiliar with what it entails. This blog will explore what you...
When you consider Chapter 12 bankruptcy in New York, you may wonder how tax debts fit into the larger picture. Rather than focusing on what led to the filing, it often helps to understand how a confirmed Chapter 12 plan may handle tax obligations moving forward. Why...
The farm has been in your family for years, but financial difficulties have put a strain on your business. You are not alone. Many small farm owners are facing similar challenges. When creditors start knocking, it is natural to wonder if Chapter 12 bankruptcy can...
Divorce isn’t just a legal process. It’s emotional, personal and often overwhelming. If you’re a high earner, the fear of losing control – whether over finances, business or future stability – can feel intense. How New York calculates spousal support New York uses a...
Falling behind on taxes can cause serious financial stress, especially for farmers. Unpaid taxes often push small farms into considering bankruptcy. Chapter 12 bankruptcy offers a way for eligible family farmers to reorganize their debt and keep their operations...
Prenuptial agreements safeguard valuable assets, including family farms, in the event of a divorce. They can play a key role in preserving a farm's legacy and functionality across generations. Protecting farm assets Family farms often consist of significant resources,...
From unpredictable weather to fluctuating market prices, many factors can impact your farm's financial health. If you're struggling to keep up with debts and facing the possibility of foreclosure, Chapter 12 bankruptcy might be a viable option to help you regain...
Divorce is complex, and valuing a business for a divorce settlement can be difficult. It's essential to use accurate and fair methods to determine the value. Here are some of the best strategies to consider. Professional business valuation Hiring a professional...
Filing for Chapter 12 bankruptcy is a process designed specifically for family farmers and fishermen who face financial hardships. This form of bankruptcy provides these individuals with the opportunity to restructure their finances and avoid foreclosure or...
