Answer:

One question that a farmer asked me the other day was how a disputed claim would be handled in a Chapter 12 bankruptcy. For instance, he had been sued by a fertilizer company that he believed did not deliver all the fertilizer he requested. A disputed claim can be handled in two ways in a Chapter 12. One is you file an objection if the creditor files a proof of claim, which is a claim in the bankruptcy, and you can object to that claim. A second way is you can file a complaint in bankruptcy court to dispute that claim, but you have avenues in bankruptcy to dispute and to resolve any claims that are filed. If you have any other questions, please give me a call.