New York farm owners considering a divorce might have a lot more to figure out than the average couple. Family farms are usually passed down for generations, but that doesn't stop these properties from getting tied up in divorce. Family farms are usually a combination...
Year: 2021
What to know about Chapter 12 bankruptcy
Those who own a family farm in the state of New York may be eligible to file for Chapter 12 bankruptcy. The same may be true for individuals who work as fishermen. If you fall into these categories and you are facing foreclosures and repossessions, you may want to...
Small Business Reorganization Act
For a small business needing to reorganize its financial affairs, a Chapter 11 bankruptcy case can be prohibitively expensive. New Subchapter V of Chapter 11 of the Bankruptcy Code establishes an expedited process for small business debtors to reorganize quickly,...
Caution is key for divorcing farmers
If you farm in the state of New York and face the prospect of divorce, you will likely need to navigate a unique set of trials in pursuit of a fair division of assets. Farms are active entities that need daily upkeep, attention and hard work to run smoothly and...
What to expect when you consult a divorce lawyer
Are you thinking about ending your marriage? There are a number of very important factors to keep in mind. There will be the distribution of property, such as your New York home, vehicles and other belongings. There will also be financial matters to discuss. Finally,...
Could Chapter 12 bankruptcy save your farm?
Chapter 12 bankruptcy provides debt relief to families who earn a regular income from farming or fishing. These individuals can reorganize debt over three to five years without many of the restrictions that apply to corporate reorganization under Chapter 13. Review...