Meeting Financial Crisis With Clear Guidance
At Robinson & Cotten, we know that family farms and businesses play an essential role in keeping Idaho communities strong, healthy and productive. That is why we are committed to helping those struggling with debt find a path forward – one that restores their financial independence, maintains their dignity and protects their legacy.
If you are considering filing for bankruptcy, our attorneys can provide the guidance you need to make informed decisions and can assist you in moving toward a secure future for your farm or business. With over 40 years of practice in bankruptcy law, we have enabled clients from across the state to get efficient, effective debt relief, and we can help you get your livelihood and finances back on track. We are one of the only firms in Idaho that practices both Chapter 11 and Chapter 12 bankruptcy.
You Have Options That Avoid Liquidation
We understand that deciding to file for bankruptcy is difficult, confusing and distressing. You have worked hard to build your business, and you don’t want your years of sweat, dedication and perseverance to be destroyed by insurmountable debts or aggressive creditors.
When you need debt relief, you have options. Filing for bankruptcy does not have to mean losing your business, farm, assets or future. With our attorneys’ extensive experience in bankruptcy law and settlement, we can evaluate your situation, help you understand the solutions available to you, and assist you in moving forward with confidence and clarity.
Chapter 11 Bankruptcy
Filing for Chapter 11 bankruptcy can enable your business to become viable again through reorganization. This filing usually allows you to retain control of your business and continue to operate it, while executing a plan of consolidation and partial debt repayment approved by your creditors.
Chapter 11 bankruptcy is an important alternative to liquidating your business and its assets. However, it is procedurally and technically complex – requiring an advanced knowledge of loan, lease and refinancing plans; a comprehensive assessment of your business assets; and skillful negotiation with creditors to establish and approve a reorganization plan. At Robinson & Cotten, our attorneys can determine whether Chapter 11 is right for your situation and help you build the plan and petition necessary to reorganize and revitalize your business.
Chapter 12 Bankruptcy
For family farmers struggling with debt, Chapter 12 bankruptcy can be a crucial tool that enables you to get relief without losing your land or livelihood. With legal and personal backgrounds in agriculture, our attorneys at Robinson & Cotten have the insight and understanding necessary to help you protect your property and your farm’s future with a Chapter 12 filing.
Chapter 12 bankruptcy is tailored to meet the financial realities faced by family farmers and is therefore more streamlined and less costly than Chapter 11 reorganization (see above). Filing for Chapter 12 bankruptcy enables family farmers to propose and execute a plan to partially repay their creditors over the course of three to five years. Under this plan, you do not have to liquidate your property, and you can continue to operate it so long as you abide by the agreed-to repayment plan and do not incur any new debts.
Get Relief, Reclaim Your Future
Don’t let the fear and uncertainty of debt prevent you from protecting your farm or business. To get relief and reclaim your financial future, take action today. Contact Robinson & Cotten by calling 208-436-4717 or completing our online form to evaluate your options.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.