Eligibility to file for Chapter 12 bankruptcy in Georgia
Watch this video about eligibility to file for Chapter 12 bankruptcy in Georgia. Call Hall & Navarro today for a legal consultation.
Who is eligible to file for chapter 12 bankruptcy?
People often ask us who is eligible to file a Chapter 12 bankruptcy in Georgia. First of all, you have to be a farmer. The definition of a farmer is that 50% of your debts are farming related debts and at least 50% of your income comes from farming. Then there are also debt limitations for a Chapter 12. When the debt limitations occur, you’re around $4.2 million, so if your debts are higher than $4.2 million, you may have to go to a Chapter 11. You could still be a farmer in a Chapter 11, but a Chapter 12 is an expedited procedure for farmers to file a bankruptcy. You do have certain debt limitations and certain qualifications. If you need any more information about who is eligible and who is not eligible, please give our office a call.
Are you or a loved one in the process of filing for bankruptcy in Statesboro or Springfield and have questions about eligibility to file for Chapter 12 bankruptcy in Georgia? Contact the experienced Georgia bankruptcy attorneys at Hall & Navarro today for a consultation and case evaluation.
We can help get your life back on track.
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