Key Advantages of Chapter 12 Bankruptcy for Struggling Family Farmers
By James C. Lanik & Jennifer B. Lyday, Partners, Waldrep Wall Babcock & Bailey PLLC
American family farmers and family fishermen1 are not immune to the effects of the current condition of the general economy. A recent industry analysis indicates that the three most pressing concerns of respondents surveyed in September 2022 were: 1) higher input costs; 2) rising...
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Jennifer B. Lyday is a partner at Waldrep Wall Babcock & Bailey PLLC and the firm’s human resources partner. She has represented secured creditors, distressed businesses, unsecured creditors’ committees, and trustees in business bankruptcy cases. She has also represented buyers and sellers of assets in bankruptcy and has counseled clients in complex civil litigation. Lyday is currently on the panel of Subchapter V Chapter 11 trustees for the Middle District of North Carolina.
James C. Lanik is a partner at Waldrep Wall Babcock & Bailey PLLC. He is board certified in Business Bankruptcy Law by the North Carolina State Bar and by the American Board of Certification. He has represented trustees, creditors, and debtors in all aspects of business bankruptcy and is currently on the panel of Chapter 7 Trustees for the Middle District of North Carolina. Lanik has also served as a receiver in state court matters and as a Chapter 11 trustee.