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How Does Chapter 12 Bankruptcy Help Family Farms?

The U.S. Bankruptcy Code recently evolved, and this time it’s positive news for family farms. Chapter 12, the portion of the Bankruptcy Code dedicated to the bankruptcy of agricultural businesses, has been amended to increase the qualifying debt ceiling from $4.1 million to $10 million - a jump that will help scores of family farms who were previously ineligible to seek bankruptcy as a debt relief option.

The Benefits Of Reorganization Under Chapter 11 For Businesses

During the last financial crisis, our law firm saw many clients seeking to file bankruptcy as the final liquidation of their businesses. However, if these clients had been able to undergo Chapter 11 reorganization toward the beginning of the financial crisis, the complete failure of their businesses may have been avoided.

Am I Eligible For Bankruptcy

Bankruptcy gives many people the opportunity for a financial fresh start. When you work with us, we review your financial situation, look at the options that are available and determine the course of action that best addresses your financial situation.

What to Bring to Your First Meeting with Your Bankruptcy Attorney

Although this is not a complete list of what’s needed should you choose to pursue bankruptcy, it serves as a starting place to help us make an initial analysis of how we can provide the help you need.

What Are The Benefits Of Filing Bankruptcy?

Three major benefits come from bankruptcy. This short blog post explores how bankruptcy could help you achieve your financial goals.

What Debts Are Dischargeable Bankruptcy

Bankruptcy can help you discharge certain debts and get a fresh start. However, not all debts are dischargeable in bankruptcy. Here is a brief overview of debts that are and are not dischargeable in bankruptcy.

Filing Bankruptcy: An Overview of the Process

Based on your assets, liabilities, income and your objectives, we’ll help you decide whether bankruptcy is right for you and, if so, what type (or chapter) of bankruptcy will most help you.

Bankruptcy FAQ: How does filing bankruptcy affect my credit score?

If you’ve been making a lot of late payments, or not paying some debts at all, then your credit score has probably already taken a hit, and there’s likely nowhere to go from here but “up.”

Paying For Bankruptcy

After learning about the costs involved, you may wonder “Can I afford to file bankruptcy?” In a good number of cases where bankruptcy is appropriate, the answer is “yes.”

Fuquay-Varina Man Sentenced For Bankruptcy Fraud And Obstruction Charge

United States Attorney Thomas G. Walker announced that today in federal court, Chief United States District Judge James C. Dever III sentenced DONALD Wayne MANGUM , 52, of Fuquay-Varina to 24 months imprisonment, followed by 3 years of supervised release, and ordered him to pay $101,675.00 in restitution.

Ask Questions About “No Money Down” Bankruptcy Cases

If you have been reading about filing bankruptcy lately, you have probably read a lot about “no money down” bankruptcies, promising to get you the help you need at no cost. It sounds great, but before you commit, you need to make sure you understand what you are getting into, and exactly what you are getting.

Mills Law
1559-B Booker Dairy Road
Smithfield, NC 27577
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