July 15-16, 2019, Attorney Ron Martin traveled to Indianapolis, Indiana, to attend the Association of Chapter Twelve Trustees Seminar. During the Farm Crisis of the 1980’s, family farmers did not have efficient methods to reorganize using the Bankruptcy Code. Chapter 11 was simply too complex, and Chapter 13 was too limited. In 1986, Congress created Chapter 12 to help family farmers reorganize and restructure their debts and give them a “fighting chance” to stay on their land. Chapter 12 was initially a temporary addition to the Bankruptcy Code; however, in 2005, it was made a permanent part of the Bankruptcy Code.
At this seminar, Ron attended sessions on topics such as: farm sales, tax considerations for Chapter 12, pre-bankruptcy planning, and more. He also was able to attend a seminar on updates to the Chapter 12 bankruptcy case law presented by Judge Diana Davis, former President of the Capital Region Bankruptcy Bar Association and the Capital Region Women’s Bar Association. Other seminars were also presented by forerunners in Chapter 12 bankruptcy.
Growing up on an Iowa farm, Ron Martin understands the difficulties presented to his Chapter 12 clients. He has focused his career on helping these individuals and continues to attend conferences such as this to be able to better help his clients. If you have any questions regarding debt restructuring or agricultural law matters, call Attorney Ron Martin.