Chapter 12 Bankruptcy


Chapter 12 Bankruptcy

Farming is an incredibly rewarding, but immensely difficult, way in which to make your living. Success depends just as much on the weather patterns as hard work and perfect planning — and is never guaranteed. Due to no fault of your own, you may find yourself in a situation that prevents you from paying your bills on time and threatens your livelihood.

If you are a farmer or vineyard owner facing collections from your creditors, the Liviakis Law Firm is here to help. We have an in-depth understanding of Chapter 12 of the Bankruptcy Code, and how it can best be used for debt relief for farmers. For a free initial phone consultation, contact our Sacramento Chapter 12 bankruptcy attorneys.

Dixon Farmer Bankruptcy Attorney, Advising on Reducing Secured Debt

“Family farmers,” as specifically defined by the Code, are eligible to file for Chapter 12 bankruptcy, which combines components of Chapter 11 and Chapter 13 bankruptcies.

Through filing for Chapter 12, a farmer has the opportunity to reduce the secured debt on his or her farm property, and to raise money to cover costs through post-petition financing. Lower interest rates are available after filing for Chapter 12 due to decreased risk for the bank in granting the loan, because these loans have the highest priority amongst all other debts — meaning that if any future financial difficulties occur, the post-petition loan is paid first.

Time is also a significant benefit of filing for Chapter 12 bankruptcy, as the process provides the necessary time to sell the available crops for a fair price rather than repossessing equipment or foreclosing on collateral, usually the farmers’ crops.

If You Suffered Crop Failure, Contact a Davis, California, Lawyer

If a crop failure has put you in a complicated financial situation, contact an office near you for a free initial consultation with an experienced, knowledgeable Sacramento and Dixon farmer bankruptcy lawyer. You will benefit greatly from the representation of a bankruptcy lawyer who has experience handling Chapter 12 bankruptcy filings.

We represent clients in communities throughout Sacramento County, Yolo County and Placer County, California. I am available for appointments 9 a.m. to 5 p.m.

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    Client Testimonial

    Wonderful Bankruptcy Attorney!

    I retained Mr. Liviakis after a very bad experience with another lawyer who basically abandoned my case. Mr. Liviakis was thorough in his analysis of the law and the facts of the case and very prompt in responding to all of my questions. His professional handling of the case gave me confidence that the matter would be done right.

    Professional and Talented Attorney

    Very professional and talented bankruptcy attorney. He helped me though a very difficult situation. I recommend Liviakis to others in the community of Sacramento. Liviakis took time to answer all of the bankruptcy questions that I had. My case turned out very well. It was an easy experience and no stress at all.

    They Truly Cared

    After interviewing several lawyers, I decided to use Miki. Miki and his staff were knowledgeable and helpful throughout the process. They kept me informed every step of the way and made me feel like they “cared”. I have worked with a number of attorneys over the past 25 years and Miki is someone whom you can trust.

    Definitely Recommend

    I would definitely recommend Atty. Liviakis to anyone that I know that needs help to sort out their financial problem. Very easy to talk to and always prompt when I have questions. Chapter 11 Client

    Mikalah was the most informed and knowledgeable proffesional i have ever had the privilege to work with.not only did he handle our case succesfully,he treated us with dignity and respect in a very tough time. I highly recomend this attorney he is a man with integrity,a true professional.

    Chapter 7 Client

    Liviakis Law Firm was professional and empathetic to my situation. I felt that I could discuss my situation without judgment or feeling shame. I appreciated the quick communication and professional demeanor of all staff.