Answer:

Many people ask us what a Chapter 12 bankruptcy in Georgia is. Chapter 12 bankruptcy is a farmer bankruptcy. You have fishermen that are also under a Chapter 12, but we really do not have a tremendous fishing fleet outside of Coastal Georgia, so in Georgia, people talk about a farmer bankruptcy. A Chapter 12 deals strictly with farmers. It’s somewhat of a hybrid between a Chapter 13 for normal folks and a Chapter 11 for more complicated businesses. A Chapter 12 is set forth so that it is a simpler bankruptcy directed solely to farmers. Our famer businesses are very complicated, so it takes a lot of analysis to see whether or not a Chapter 12 really fits the farmer’s situation. If you have any questions, please give us a call.