Dedicated Chapter 12 Bankruptcy Lawyer Helping Texarkana Families Facing Debt


Owning a farm, fishing operation, or a plant nursery is a massive undertaking of countless moving parts, many of which are dependent on external factors. We understand the financial challenges involved in running your business and are here to help you make a plan if things get off track. If you’re considering bankruptcy, chapter 12 may be right for you.

Benefits of Chapter 12 Bankruptcy

When considering which type of bankruptcy to file under, whether it be chapter 7, 11, 12, or 13, there are a few key differences with chapter 12 that may tip the scales. The main advantages include:

  • Avoid the stricter debt limits of chapter 13 bankruptcy that prevented many from filing in the past.
  • Chapter 12 bankruptcy is typically more affordable than the fees and payments you can expect in chapter 11.
  • Chapter 12 bankruptcy factors in the seasonal fluctuations in income that drive your operation.
  • Only voluntary petitions are allowed, meaning creditors you’re indebted to cannot force you into a chapter 12 bankruptcy.

What to Expect in a Chapter 12 Filing

The process of filing for chapter 12 bankruptcy is very similar to the better known chapter 13 bankruptcy. The first things you can expect are to pay a fee to file and attend a preliminary hearing to review your petition before a judge. Based on that hearing, your petition will either be approved or rejected. If approved, you will be given a very specific payment plan and schedule to follow. Assuming you make all payments on time, you can expect the majority of your debts to be discharged at the conclusion of the process. For more detailed information about the chapter 12 bankruptcy process, call the knowledgeable attorneys at Graham Law Firm.

Don’t Let Debt Control Your Life — Get the Help You Need

Though filing for bankruptcy can seem like the end of the world, we can assure you it’s not. We’ve helped countless families through the process and move on to much better circumstances. Though we understand feeling overwhelmed, apprehensive or maybe even ashamed, we implore you to take a deep breath and pick up the phone. We’ll help you through this challenging time and treat you like family.

Graham Law Firm understands the stresses of filing for Chapter 12 bankruptcy. We’re here to help you and your family recover from debt and move on with your lives. Contact a trusted attorney today serving those in Texarkana, Magnolia, Camden, and El Dorado at our Texas office, (903) 223-9797, or our Arkansas location, (870) 234-9100.