Chapter 12 Bankruptcy
The Clear Lake and Galveston bankruptcy lawyers of Gipson and Norman are dedicated to representing family farmers and fishermen who are struggling with financial problems. Chapter 12 bankruptcy is designed to be less expensive and less complicated than chapter 11 or 13, allowing farmers and fishermen to settle their debt in a realistic manner. Chapter 12 also allows farmers to bypass many of the barriers that other debtors may face using chapter 11 or 13. Farmers are given the opportunity to create a repayment plan in order to pay off their debit in a 3 to 5 year period. If you are a family farmer or fisherman who is struggling to pay off overwhelming debts, it is in your best interest to consult a lawyer immediately to learn more about your legal options. Skilled attorneys are familiar with bankruptcy laws and will be able to guide you through the complicated legal proceedings.
In order to be eligible for chapter 12 bankruptcy, a farmer or fisherman must have a regular annual income. This requirement ensures that a debtor will be able to make the payments to creditors as agreed upon in the repayment plan. Many times, farming and fishing work is seasonal in nature. Chapter 12 bankruptcy makes allowances for debtors who work seasonal jobs. Other restrictions and requirements may vary by state. If you are a farmer or fisherman struggling with financial troubles, contact an experienced attorney to discover if you are eligible to file chapter 12 bankruptcy. Please visit our downloads page for detailed information about Chapter 12.
The law office of Gipson and Norman is committed to the legal rights of farmers and fishermen in the Clear Lake and Galveston area who are struggling with financial hardships. The Clear Lake and Galveston bankruptcy lawyers of Gipson and Norman are dedicated to protecting your rights throughout the legal process and share 57 years of experience representing clients facing similar situations like your own. Your initial consultation with the Clear Lake and Galveston bankruptcy attorneys of Gipson and Norman costs nothing at all and is the opportunity to have your case evaluated by a knowledgeable board certified bankruptcy attorney. For more information about the services that we provide or to schedule your free initial consultation, contact the Clear Lake office at 281-332-4800 or Galveston office at 409-765-6000 or toll free at 1-800-291-0898.