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Texas Chapter 12 Bankruptcy
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                                                Texas Chapter 12 Bankruptcy         

Chapter 12 is a unique section of the Bankruptcy Code allowing certain "Family Farmers" and "Family Fishermen" relief. It is a cross between the Chapter 11 and Chapter 13 Reorganizations. Very few Chapter 12 bankruptcy cases are actually filed in the Southern District of Texas. In the last five years, I have filed about 30 cases in both the Southern District of Texas (Houston/Galveston/Palacios/Victoria/El Campo/ Wharton) and the Eastern District of Texas (Beaumont/ Port Arthur). Chapter 12 is more "Debtor-friendly" than a Chapter 11 or even Chapter 13 bankruptcy. In a Chapter 12, there is no "Means Test". Chapter 12 also allows lowering of all debts, even homestead, to their value instead of the amount owed. Further, in a Chapter 12, creditors do not have the power of the vote over proposed Bankruptcy Plans of Reorganization.

Cases that may qualify for a Chapter 12 Reorganization:

  • Ranching operations;
  • Shrimping/Fishing operations;
  • Fish farms;
  • Tree farms
  • Grass farms
  • Farming operations

These must be " family" operations,where 50% of the yearly income derives from the farming or fishing. Chapter 12 applies to corporations, partnerships, and individually owned businesses.

Chapter 12 can STOP foreclosures, repossessions, tax sales, US Marshall sales, and lawsuits.

If you have a situation where debt is strangling your fishing or farming operation, give me a call or email me. I have been successful in saving the vast majority of the fishing  or farming operations I have placed into Chapter 12 bankruptcy cases.

This Law Office files bankruptcies for residents of:
Houston | Friendswood | Pearland | Galveston | League City | Dickinson | Clear Lake | Pasadena | Pearland | LaPorte | Texas City | Channelview | Seabrook | Katy | Sugarland | Fulshear | Waller | Friendswood | Hempstead | College Station | Pearland | Friendswood | Bryan | Southern District of Texas /Conroe/ The Woodlands

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