On Behalf of Gleichenhaus, Marchese & Weishaar, P.C. | Apr 18, 2023 | Bankruptcy
Individuals and businesses can file for bankruptcy. However, the requirements are different depending on your situation. What does that mean if you are the individual owner of a small farm? Consider the requirements for filing a Chapter 12 in New York. What is a...
On Behalf of Gleichenhaus, Marchese & Weishaar, P.C. | Jan 19, 2023 | Bankruptcy
Running a farm comes with enormous challenges. There exists a significant risk of even the best enterprise collapsing. Those that fall into trouble typically face bankruptcy. Wise strategies help mitigate the prospect of this becoming a reality. Make smart buys While...
On Behalf of Gleichenhaus, Marchese & Weishaar, P.C. | Oct 16, 2022 | Bankruptcy
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...
On Behalf of Gleichenhaus, Marchese & Weishaar, P.C. | Jul 15, 2022 | Bankruptcy
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...
On Behalf of Gleichenhaus, Marchese & Weishaar, P.C. | Jan 6, 2022 | 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...
On Behalf of Gleichenhaus, Marchese & Weishaar, P.C. | Jul 19, 2021 | 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...
On Behalf of Gleichenhaus, Marchese & Weishaar, P.C. | Jan 5, 2021 | Bankruptcy
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...
On Behalf of Gleichenhaus, Marchese & Weishaar, P.C. | Jul 7, 2020 | Bankruptcy
Paycheck Protection Program An SBA loan that helps businesses keep their workforce employed during the Coronavirus (COVID-19) crisis When businesses across the nation were forced to shut their doors in March due to administrative regulations set to combat COVID-19,...
On Behalf of Gleichenhaus, Marchese & Weishaar, P.C. | Mar 27, 2020 | Bankruptcy
The United States Trustee has selected seven people to serve on the creditors committee of the Buffalo Diocese bankruptcy case, all of whom are survivors of sexual abuse perpetrated by members of the church. The committee will represent what is expected to be over...
On Behalf of Gleichenhaus, Marchese & Weishaar, P.C. | Mar 27, 2020 | Bankruptcy
Many restaurateurs are struggling with debt and loans and that was even before the Coronavirus. On March 17, 2020 New York’s bar and restaurant community was ordered to close their dining rooms to stem the spread of the novel coronavirus and a timeline for reopening...
