West Palm Beach Bankruptcy & Business Attorneys
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How can Chapter 12 help family farmers and fishermen?

One primary advantage of Chapter 12 is that it offers higher debt limits and more freedom than Chapter 13, without the time and expense associated with a Chapter 11 reorganization. The higher debt limit is responsive to the fact that farming and fishing operations tend to incur much higher debts than the average individual. Chapter 11 is tailored more for corporations. Chapter 11 has no debt limits, but it is far more costly and complex than Chapter 12. Another advantage over both Chapter 13 and Chapter 11 is that Chapter 12 makes it much easier for farmers and fishermen to restructure loans secured by their primary residence.

Markarian Frank White-Boyd & Hayes
Markarian Frank & Hayes is located in Palm Beach, Wellington & Vero Beach, Florida and serves clients across Florida from Vero Beach to the Florida Keys, including those in and around Palm Beach, West Palm Beach, Pahokee, Delray Beach, Loxahatchee, Coral Springs, Boca Raton, Boynton Beach, Lake Worth, Deerfield Beach, South Bay, Pompano Beach, Hobe Sound, Stuart, Port St. Lucie, Sebastian, Fort Pierce, Hollywood, Tampa, Tallahassee, Orlando, Martin County, Broward County, Hillsborough County, Leon County, Palm Beach County, Fort Lauderdale, Miami-Dade County and Sebastian. The firm’s lawyers also have a long history representing clients’ interests throughout the Caribbean.
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