If you’re a swine integrator or producer, chances are high that 2023 has not been kind to you. More integrators are filing for bankruptcy protection or seriously considering it, which puts the producers who grow pigs for them at risk—and, in turn, their employees. Even if you haven’t faced the potential of bankruptcy or debt […]
Legislation
Unintended Consequences: The Inflation Reduction Act of 2022’s Farm Debt Relief Causes Farmers Massive Tax Headaches
For a deeper analysis into this topic, see a version of this article written for tax professionals and other interested parties here. On August 16, 2022, President Biden signed the Inflation Reduction Act (IRA) into law. Section 22006 of the IRA provided $3.1 billion for the United States Department of Agriculture (USDA) to provide relief […]
Unintended Consequences: The Inflation Reduction Act of 2022’s Farm Debt Relief Causes Farmers Massive Tax Headaches (Deep Dive)
On August 16, 2022, President Biden signed the Inflation Reduction Act (IRA) into law. Section 22006 of the IRA provided $3.1 billion for the United States Department of Agriculture (USDA) to provide relief for distressed borrowers under certain Farm Service Agency (FSA) direct and guaranteed loans. On October 18, 2022, USDA provided nearly $800 million […]
Terminating the Technicality: Venue Reform, Why It’s Important, and What You Can Do About It
Bankruptcy is a legislative creation aimed at giving debtors the opportunity for a fresh start while still recognizing the rights of their creditors to be paid. Chapter 11 Bankruptcy allows an entity experiencing financial distress, typically a corporation or partnership, to seek relief through reorganization, while retaining their business in hopes of generating revenue to […]
A Call for Bankruptcy Venue Reform
In February of 2021, Belk, a North Carolina department-store chain, filed for Chapter 11 bankruptcy in the United States Bankruptcy Court of the Southern District of Texas. After the large retail company with over 90,000 creditors filed on the evening of February 23rd, their plan was confirmed and consummated by the end of the next […]
October 2019 ABI Legislative Update
On August 23, 2019 President Trump signed a several bankruptcy law changes. Joe Peiffer recently discussed the changes with ABI Executive Director Sam Gerdano and fellow bankruptcy practitioners Robert Keach, Kristina Stanger, and Don Swanson. Click the image below to read the whole legislative update from the American Bankruptcy Institute.
Chapter 12 Debt Limit on the Big Show
Joseph Peiffer chats with Doug Cooper about Chapter 12 and raising its debt limit on the Big Show The audio from this conversation is below, as well as the transcript. Doug Cooper:I have been spending some time with Joe Peiffer. He is a bankruptcy lawyer with Ag & Business Legal Strategies, and he has been […]
Joe Peiffer Discusses Cash Flows on the Big Show
Doug Cooper: Joe Peiffer is a bankruptcy lawyer with Ag & Business Legal Strategies in Cedar Rapids and Joe, we’ve been talking about a number of things and a couple of things slipped through last congress and didn’t get done. One of those was the debt increase on Chapter 12. What’s the latest? Joe Peiffer: […]
Venue Reform & Effects for Farmers
From February 25-27 Joe Peiffer and Mark Kuhn (one of the farmers affected by the VeraSun bankruptcy in Delaware) were in Washington DC for the Commercial Law League of America‘s Hill Day to talk with lawmakers about bankruptcy venue reform. While they were there they spoke with Doug Cooper on The Big Show about their […]
Joseph Peiffer on the Big Show Talking Venue Reform (Part 2)
Joseph Peiffer joined Doug Cooper on the Big Show again last week to talk about the new Bankruptcy Venue Reform Act of 2018 that was recently introduced in Congress. Here’s part 2 of their conversation from January 18, 2018. Doug Cooper: Yesterday I visited with Joe Peiffer, a bankruptcy lawyer with Ag & Business Legal […]
Joseph Peiffer on the Big Show Talking Venue Reform (Part 1)
Joseph Peiffer joined Doug Cooper on the Big Show again last week to talk about the new Bankruptcy Venue Reform Act of 2018 that was recently introduced in Congress. Here’s part 1 of their conversation from January 17, 2018. Doug Cooper: Joe Peiffer with Ag & Business Legal Strategies in Cedar Rapids, Iowa is a […]
Doug Cooper and Joe Peiffer on Venue Reform
Doug Cooper recently visited with Joe on the Big Show regarding Bankruptcy Venue Reform. Part 1 (Aired December 18, 2017): Doug Cooper: I’m going to visit today with Joe Peiffer, he’s a lawyer with Ag & Business Legal Strategies, and he says this week he is hoping to get a bill on the floor of […]
Thirty Years of Asking
Joe Peiffer recently wrote an article for the American Bankruptcy Institute Journal entitled Thirty Years of Asking, “Are We There Yet?”: Congress Rights a Taxing Wrong in Chapter 12. Click the thumbnail below to read the entire article:
Joe Peiffer on the Big Show
Joe Peiffer recently chatted with Doug Cooper, one of the hosts of the Big Show on WMT and other midwest radio stations, about the changes in Chapter 12 bankruptcy laws and the current farm economy. Here are the first two segments of that interview (We will update this post when more segments have aired). If […]
Flaw in Tax Provision of Chapter 12 Fixed
President Trump delivered significant relief to beleaguered family farmers who need to sell farm assets to “right-size” their farm and incur taxes when he signed the Additional Supplemental Appropriations for Disaster Relief Requirements Act, 2017 on October 26, 2017. Tucked in the last six pages of the twenty-six-page bill is the Family Farmer Bankruptcy Clarification […]