Resource Details

Bankruptcy as an Option for Financial Recovery

Southern Risk Management Education Center

Adam Rabinowitz, Paul Goeringer, Jonathan Shepherd, and Will Secor

2026

Farmers struggling to keep up with debt payments are not along. Options are available that can help provide a path forward. Whatever got a farmer to this point, it's important to know that options exist to assist them in achieving financial recovery. When non-legal options have been exhausted, the U.S. Courts offer a legal process to discharge debts through bankruptcy.

Topics: Ag Finance and Record Keeping