The National Agricultural Law Center is hosting a webinar that will discuss Chapter 12 Bankruptcy. They will be joined by the Chapter 12 Standing Trustee for the Eastern & Western Districts of Arkansas, Renee Williams.
Lower commodity prices, extreme weather, and ongoing trade tensions in world markets have contributed to widespread financial strain throughout American agriculture. The American Farm Bureau Federation recently reported that “the delinquency rates for commercial agricultural loans in both the real estate and non-real estate lending sectors are at a six-year high” and that Chapter 12 bankruptcies increased the previous year in all but one region of the country. Recently, the Bankruptcy Code was amended to ease eligibility requirements for family farmers considering filing for Chapter 12 bankruptcy.
This one hour webinar on Wednesday, October 16, 2019 will provide a basic introduction to Chapter 12. It will discuss eligibility requirements, advantages of filing a Chapter 12 over other types of bankruptcy, and uses of a plan to make changes in the farming operation.
This information is vital to producers as well as those involved in agricultural finance and bankruptcy. For details on the webinar and registration information, visit: http://bit.ly/2odfTJu This webinar is offered free of charge and is limited to the first 100 registrants.
For any questions please contact Sarah Cato, Communications Coordinator, National Agricultural Law Center by a phone call or email anytime at 870-815-9035 or firstname.lastname@example.org