Bankruptcy doesn't have to be something bad.
It can actually be the start of something good.
Your situation is unique, and it's personal.
Your attorney should be as well.

Chapter 12 Bankruptcy

One of the most useful features of the US Bankruptcy Code is that it recognizes the different needs of people and businesses in different situations. Instead of relying on one “cure-all” for all financial problems, the Code allows different strategies for resolving debts. For example, most businesses would file for bankruptcy under Chapters 7 or 11. However, some are eligible to file under Chapter 12.

To learn more about what you can do to address your current financial complications, contact the Birmingham bankruptcy lawyers of Greenway Bankruptcy Law, LLC at (205) 324-4000. Acting sooner rather than later can help you to avoid further tarnishing your financial record.

What is Chapter 12?

Part of the reason that comparatively few people are aware about Chapter 12’s existence, let alone its provisions, is that it is a highly targeted Chapter of the United States Bankruptcy Code. It is directed solely at family farms, ranches, and fisheries or small organizations of such a type that meet certain requirements. Some of the most important qualifications for a Chapter 12 filing are:

  • At least 80 % of the debts covered under the established bankruptcy plan must have been incurred by farm, ranch, or fishery-related expenses.
  • The filing party must draw more than 50 % of his or her income from the operation of the affected farm or ranch.
  • A Chapter 12 Bankruptcy filer must be able to document evidence of sufficient additional income to meet the payment obligations created under the bankruptcy plan.

If your small business or farm is financially struggling, filing for Chapter 12 bankruptcy may be an effective way to address the problem. Our Birmingham bankruptcy attorneys can provide the information and support you need.

Contact Us

Let us help you to identify the best way to restore and rebuild your financial future. Contact the Birmingham bankruptcy lawyers of Greenway Bankruptcy Law, LLC at (205) 324-4000.

"When I had my power cut off because I just didn't have the money to pay the power bill, a friend suggested I call Paula Greenway. From the moment I walked in her office I felt like a burden was lifted from my shoulders."
Robin M
"I would just like to say that I was impressed by the staff of Greenway Bankruptcy Law, LLC and their attention to professionalism. They made the bankruptcy process not only pleasant but simple."
Jennifer S.
I can't tell how comforting it is to know your attorney is working on your case. I would and have recommended their service to friend and associates."Ed H.
"I would like to thank Greenway Bankruptcy Law, LLC for the way in which they handled my bankruptcy case."
Robert M.
Schedule an Appointment
In the News

Greenway Bankruptcy Law, LLC
505 20th St N #1220
Birmingham, AL, 35203
Phone: (205) 324-4000
Tuscaloosa: (205) 737-3350
Gadsden: (256) 467-6650

home  |  firm profile  |  practice areas  |  articles  |  faqs  |  blog  |  contact us  |  evaluation  |  sitemap  |  Log in
Greenway Bankruptcy Law, LLC All rights reserved. We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code. The following language is required pursuant to Rule 7.2, Alabama Rules of Professional Conduct. No representation is made that the quality of legal services to be performed is greater than the quality of legal services performed by other lawyers. This web site is designed for general information only. The information presented at this site should not be construed to be formal legal advice nor the formation of a lawyer/client relationship.

Greenway Bankruptcy Law, LLC 505 20th St N #1220, Birmingham, AL, 35203 | Phone Number: (205) 324-4000