Archives for August 2020

A new report from the American Farm Bureau Federation reveals that farm bankruptcies are on the rise, increasing 8% over the last 12 months. In 2019 alone, Chapter 12 bankruptcy filings tied with or exceeded decade-high levels in 10 states across the Midwest including Illinois. Chapter 12 Bankruptcy at a Glance Chapter 12 bankruptcy protection allows family farmers to restructure their finances to avoid liquidation of their assets and foreclosures by proposing a plan to repay creditors over a … [Read more...]