Chapter 12 Bankruptcy: An Overview
Chapter 12 Bankruptcy: An Overview is an important topic for individuals, farmers and fishermen seeking relief from their financial struggles. Chapter 12 Bankruptcy is a special type of bankruptcy process that provides debt relief to eligible family businesses who find themselves in difficult economic situations. This type of bankruptcy allows these individuals to reorganize their debts into one manageable repayment plan so that they can keep their property and assets while also working towards becoming financially stable again.
The main advantage of filing a Chapter 12 Bankruptcy case is that it enables the debtor to make payments over time on a repayment plan approved by the court, which is usually completed in three to five years. This option gives the farmer or fisherman the opportunity to remain in control of their business while paying off their debts with money they can actually afford instead of having them liquidate all assets under Chapter 7 bankruptcy laws.
The Law Offices of Omar Zambrano has helped thousands of people and businesses in the past to get out of debt and start over.
Our goal is to help you find a fresh start FAST!
Schedule your free consultation today! By Calling 626-338-5505 or visiting us at the 12738 Ramona Blvd Baldwin Park CA 91706