If you work in agriculture, you may have a farm and support the community through producing products such as wheat or meats. Perhaps you run a family fisherman business, but it only supports you during a few peak months of the year. Whatever the case is, if you are struggling, bankruptcy can help.
Chapter 12 bankruptcy, a relatively new form, is there for people like you when the debts of farm ownership become overwhelming. Chapter 12 bankruptcy is designed for those who are family farmers or fishermen with regular incomes annually. Through this bankruptcy form, you can work through an arrangement to pay back your debts and to have any additional remaining debts discharged at the end of the bankruptcy period.