Chapter 12 bankruptcy allows family farmers and fishermen to reorganize debts when expenses exceed income. This bankruptcy option is one of several to consider, so interested parties should know the answers to these frequently asked questions to determine if Chapter...
Year: 2022
What’s Cooking? featuring GMW Partner, Scott J. Bogucki, Esq.
Get Full article here. Q How did you gravitate into turnaround/restructuring work? BOGUCKI I started working in restaurants when I was 15, washing dishes. I did the typical climb through the ranks. I was working full time in kitchens, 40-plus...
Does my farm qualify for chapter 12?
Chapter 12 bankruptcy is a way for family farmers to restructure their debt over three to five years. The goal of chapter 12 is to streamline the repayment process and avoid the costs associated with chapter 11. However, to qualify for chapter 12, farmers must meet...
What not to post on social media during your divorce
Maybe you cannot get enough of sharing your life on social media. The opportunity to express yourself and receive positive feedback remains irresistible. This impulse does not vanish because you are getting a divorce. The desire to hear from supporters could even...
Common reasons for farmers declaring bankruptcy
Survival has always been difficult for farmers. These days, continuing the lifestyle is especially tough. There are more than a few reasons why farmers might need to declare bankruptcy. Here are a few, followed by tips on how to file when the time comes. Reasons...