Chapter 12

Understanding Louisville Chapter 12 Bankruptcy Lawyer Provides Relief to Farmers and Fishermen

Client Distinction Award for John SchmidtClear your debts with the assistance of a Louisville Chapter 12 bankruptcy attorney

When farmers or fishermen face mounting debt, Chapter 12 bankruptcy could be a viable option. Chapter 12 was designed specifically for farmers and fishermen, and the Law Offices of John Schmidt & Associates PLLC helps them clear their debts and obtain additional benefits using this type of bankruptcy filing.

If you’re facing financial difficulties and mountain debt, trust in our friendly, knowledgeable team of Chapter 12 bankruptcy attorneys. We understand the importance of the work you do, and we do everything possible to help secure your financial future.

Chapter 12 bankruptcy provides special features to eligible filers

Chapter 12 bankruptcy is similar to Chapter 13 or Chapter 7, with a few key differences:

  • There is no means test required to file for Chapter 12 bankruptcy
  • Your allowed debt limit is much greater than in Chapter 13 bankruptcy
  • You can modify the amount of money paid back on your home’s first mortgage by forcing the mortgage company to lower the interest rate

To apply for Chapter 12 bankruptcy, you must be a private farmer or fisherman whose job provides at least 50 percent of your annual income. As in Chapter 13 bankruptcy, you can reorganize your debts and create a personal repayment plan with the help of a Louisville bankruptcy lawyer.

Our Louisville Chapter 12 bankruptcy lawyers restructure your debt

Life is hard enough for farmers and fishermen without the worry of overwhelming debt. We make going through the bankruptcy process as easy as possible and give you a path to:

  • Clear debts. We keep your creditors at bay, restructure your debts and create a workable repayment plan.
  • Savings. Modification to your mortgage and interest rate can yield significant savings.
  • Peace of mind. You can work free of anxiety about looming debt.

Our Louisville lawyers are extremely compassionate and want to help you through your financial difficulties. Come to us for cost-effective legal service from a firm with a proven track record of success.

Speak with a Louisville Chapter 12 bankruptcy lawyer today

Call the Law Offices of John Schmidt & Associates PLLC at [ln::phone] or contact us online to arrange a consultation. We serve residents of Kentucky counties surrounding Louisville and offer special Saturday meetings by appointment.

If you are in Kentucky, then I’d recommend that you call my office at 502-587-1950 or 502-509-1490 to schedule a consultation if you have an agreement, parenting schedule or court order to discuss your options.

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