bankruptcy

Following years of low farm income, bankruptcies are on the rise.  The American Farm Bureau Federation said delinquency rates are above the historical average and trending in the wrong direction.  The AFBF’s Allison Wilton, says the number of Chapter 12 bankruptcies has increased steadily.   “Since Jun...

The Senate passed the Family Farmer Relief Act of 2019 late last week. It’s a bill that will expand family farmers’ access to relief under Chapter 12 farm bankruptcy rules by increasing the debt limit from $4.2 million to $10 million. The House ...

The Senate passed the Family Farmer Relief Act of 2019 late last week. It’s a bill that will expand family farmers’ access to relief under Chapter 12 farm bankruptcy rules by increasing the debt limit from $4.2 million to $10 million. The House ...

A bill announced last week would ease the process of reorganizing debt through Chapter 12 bankruptcy rules, making more farms eligible.  The move comes amid a continued downturn in the farm economy.   Led by Representative Antonio Delgado, the legislation is the companion bill to a measure already filed in the Senate.  The New...

An analysis by the American Farm Bureau Federation shows 2018 Chapter 12 family farmer and family fisherman bankruptcies dropped year-over-year nationwide.  Last year, 498 Chapter 12 filings were recorded, down 1% from 2017’s figures.  AFBF not...

What are Ag lenders expecting from the farming industry as we look ahead to a new year?   Brittany Kleinpaste, Vice President of the American Bankers Association said some are fearful a tsunami of money problems await the Ag industry in 2019.  Bu...

Legislation that would make it easier for family farmers to reorganize debts when facing bankruptcy received final approval this week, sending the measure to the president’s desk for signature.  The bill was included as part of the supplemental appropriations package approved Tuesday in the Senate by a vote of 82-17.  According to ...

One of the world’s largest container shipping company, Hanjin, filed for bankruptcy protection on Wednesday.   The Wall Street Journal reports the decision came after creditors stopped financial assistance of nearly $900 million failed to save the company.   U...