Archive for December, 2021


Looking to 2022: Can You Weather the Financial Storm?

Posted on: December 21st, 2021 by Kate Langworthy, ABLS Blog Contributor

Few things capture the attention of agricultural producers like the weather. Farmers and ranchers often check the forecast multiple times a day in an attempt to stay ahead of any chances of inclement conditions. Wind, precipitation, and extreme temperatures can have significant effects on the health of animals and crops alike, so it is important […]

Creditor Attorney Fees in Bankruptcy

Posted on: December 16th, 2021 by Michael A. Morris, ABLS Blog Contributor

In bankruptcy, parties fight over a limited pool of assets while fees diminish what remains in the estate. While most creditors are responsible for paying their own attorneys’ fees, oversecured creditors are entitled to attorney fees from the debtor pursuant to 11 U.S.C. § 506(b) which states: To the extent that an allowed secured claim is […]

Chapter 12 Bankruptcy: Is it right for me?

Posted on: December 6th, 2021 by Kate Langworthy, ABLS Blog Contributor

The decision to file bankruptcy is not one that is made lightly. By the time the petition is filed, there have likely been many difficult conversations and strategy sessions to make sure that the entity or individual is making the best move for the future. An essential part of that strategy involves considering the goals […]

Sub V: Sub-par or Superb?

Posted on: December 1st, 2021 by Michael A. Morris, ABLS Blog Contributor

Subchapter V (“Sub V”) of the Bankruptcy Code was created under the Small Business Reorganization Act (P.L. 116-54) to streamline bankruptcy cases and help more small business debtors successfully reorganize by lowering costs. Sub V was meant to strike a balance between Chapter 7 liquidation and Chapter 11 reorganization. Sub V created some significant benefits […]