Congress has given small employers several options to help them weather the economic effects of the COVID-19 pandemic: 1. Immediate SBA Emergency EIDL Grants. These $10,000 grants that will be available through your local bank (if an SBA authorized lender). Once they get their heads around the program, you should be able to get the money […]
31 December 2019 | 12:27 EST Farm bankruptcies hit nine-year high; impact of higher debt cap remains unclear Chapter 12 family farm bankruptcy filings soared in 2019 to their highest level since 2010 as unusually brutal weather heaped more stress on an agriculture sector already reeling from the trade war with China and multiple years […]
ABLS is pleased to now offer text messaging as another convenient option to contact us. You can be confident that the legal team at Ag & Business Legal Strategies will read the texts and respond appropriately. Our legal assistants and attorneys will respond to texts sent to (319) 363-1641. Some questions can be answered via […]
Joe Peiffer was recently quoted in the Wall Street Journal in an article entitled “Farmers in Crisis Turn to High-Interest Loans as Banks Pull Back.” You can read the full article here: WSJ 11/10/2019 or read the highlights below: “Some bankruptcy attorneys said costlier terms from nonbank lenders can make it hard for farmers to […]
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.
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.
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 […]
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: […]
Joe Peiffer recently chatted with Chris Clayton of Progressive Farmer/DTN regarding the current farm situation. Article: https://www.dtnpf.com/agriculture/web/Ag/news/business-inputs/article/2019/03/19/debt-figures-raise-questions-whether Excerpts: “Right now, we’re having many people find out shortly before they have to pay rent that they aren’t going to have financing,” said Peiffer, who works with farmers in Iowa and Illinois. Some of these farmers needed millions […]
Farming is good honest work, but it can be stressful and bad situations can feel overwhelming. Crisis may be as close as next harvest, or a bank not renewing the crop note. If you’re feeling like you don’t have what it takes to keep going, ask for help; there are resources available to people just […]