Attorneys’ fees can be significantly expensive for a party in a lawsuit, and often those fees cannot be recovered by the plaintiff even after winning a judgment. Many parties to a transaction will wisely include a provision in their contract stating that if a judgment is recovered with respect to the agreement then the prevailing […]
Shareholder Joe Peiffer and associate Austin Peiffer recently co-authored an article on chapter 12 bankruptcy with Vermont bankruptcy trustee Jan Sensenich. It was published in the May 2021 edition of the American Bankruptcy Institute‘s ABI Journal. **As of April 1, 2022, the chapter 12 bankruptcy debt limit was raised to $11,097,350.
The Commercial Law League of America recently published Joe Peiffer’s article “Thirty-Three Years of Asking “Are We There Yet?”” as one of the title articles in the summer edition of their publication, Commercial Law World. Click the image below to read the article. **As of April 1, 2022 the chapter 12 bankruptcy debt limit has […]
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:
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 […]
Overview The farm economy continues to struggle. Of course, certain parts of the country are experiencing more financial trauma than are other parts of the country, but recent years have been particularly difficult in the Corn Belt and Great Plains. Aggregate U.S. net farm income has dropped by approximately 50 percent from its peak in […]