Expert Legal Solutions for Chapter 12 Bankruptcy
Helping you navigate Chapter 12 for a fresh financial start.
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Your Trusted Partner in Chapter 13 Bankruptcy
Chapter 12 Bankruptcy provides small business owners a specialized framework to restructure debts and continue operations while repaying creditors. Unlike Chapter 7, which liquidates assets, Chapter 12 allows you to retain essential business property and equipment while creating a manageable repayment plan based on your income and cash flow. This tailored approach helps you maintain your livelihood and recover financially without losing your business.
Through Venture Plans consultants and our network of experienced bankruptcy attorneys, you gain expert guidance in preparing, filing, and navigating Chapter 12 filings efficiently. With our support, you can stop creditor lawsuits, wage garnishments, and collection actions immediately after filing.
Benefits of Chapter 12 Bankruptcy:
- Restructure business debts while retaining essential property and equipment
- Immediate protection from lawsuits, collection actions, and repossessions
- Flexible repayment plans based on seasonal income and cash flow
- Preserve essential business assets and operational equipment
- Achieve financial stability while continuing business operations
Our Core Practice Areas
- Customized Chapter 12 Repayment Plans
Customized Chapter 12 Repayment Plans
Chapter 12 is unique in that repayment plans are tailored to seasonal income and operational needs. Our team helps you design a court-approved repayment plan that balances debt obligations with the cash flow demands of your business. Plans typically run 3-5 years and ensure you can continue operations, maintain essential assets, and gradually satisfy creditors.
Our Services Include:
- Assessment of income, business expenses, and seasonal cash flow to design feasible repayment schedules
- Structuring payments to creditors in a way that preserves essential property and equipment
- Ongoing monitoring of plan compliance and adjustments based on operational needs
- Strategic guidance to maximize debt discharge potential while keeping your business viable
- Expert support through plan confirmation hearings and trustee reviews
- Emergency Chapter 12 Bankruptcy Filing
- Completion of Full Chapter 12 Documentation
Customized Chapter 12 Repayment Plans
Chapter 12 is unique in that repayment plans are tailored to seasonal income and operational needs. Our team helps you design a court-approved repayment plan that balances debt obligations with the cash flow demands of your business. Plans typically run 3-5 years and ensure you can continue operations, maintain essential assets, and gradually satisfy creditors.
Our Services Include:
- Assessment of income, business expenses, and seasonal cash flow to design feasible repayment schedules
- Structuring payments to creditors in a way that preserves essential property and equipment
- Ongoing monitoring of plan compliance and adjustments based on operational needs
- Strategic guidance to maximize debt discharge potential while keeping your business viable
- Expert support through plan confirmation hearings and trustee reviews
Step-by-Step Process for Chapter 12 Bankruptcy
Initial Consultation & Eligibility Review
Our consultants assess your business operation, including income, debts, assets, and eligibility for Chapter 12. This ensures you meet the specific debt limits and income requirements while identifying critical assets to retain. Important: You must complete credit counseling from an approved provider within 6 months before filing.
Emergency Petition Filing (If Needed)
When facing imminent foreclosure or other urgent creditor actions, an emergency petition can be filed to immediately trigger the automatic stay. This stops lawsuits, foreclosures, wage garnishments, and collection actions, providing immediate relief from creditor pressure.
Completion of Required Schedules and Repayment Plan
Within the court-specified deadline, you must file detailed schedules of assets, liabilities, income, and expenses, the Statement of Financial Affairs (SOFA), and your preliminary repayment plan. This converts any emergency filing into a complete Chapter 12 case.
Asset Review and Exemption Planning
Our consultants guide you in protecting exempt property and operational assets, ensuring your business can continue functioning while meeting plan obligations. This includes strategic planning around essential business equipment and inventory.
Meeting of Creditors (341 Meeting)
You attend a required meeting with the bankruptcy trustee and creditors. Our team prepares you thoroughly for this process, including anticipated questions and how to present your repayment plan effectively.
Plan Confirmation & Ongoing Compliance
After court review and any necessary modifications, the court confirms your repayment plan. You then make structured payments to creditors while operating your business under trustee monitoring throughout the plan period.
Eligibility Requirements
To qualify for Chapter 12 bankruptcy, you must:
- Be engaged in qualifying business operations
- Meet specific debt limits (updated annually by the courts)
- Have regular annual income from your business
- Derive at least 50% of gross income from qualifying business activities in the year preceding bankruptcy (with some exceptions)
- Complete pre-filing credit counseling from an approved provider
Need help determining if Chapter 12 bankruptcy is right for your business?
What Our Clients Say
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Our Team
Arleo Dordar
Founder & President
Arleo Dordar is the Founder/CEO, investor, and product architect of Ventureplans™. Arleo is a visionary with a strong leadership background. He has assisted various Fortune 500 companies in scaling, restructuring, organizing, and developing sustainability plans for 4500+ businesses across 150 industries globally, resulting over $100 million dollars in investments. Arleo's expertise is in the implementation of revenue growth, execution, financing and digital transformation. Arleo engages in high-level discussions with startups, small businesses, and enterprise level organizations to gather and analyze big data, understand trends, and proactively deliver insights, recommendations, and drive improvements based on qualitative and quantitative metrics in to enhance operational efficiency, sales, marketing, and branding to achieve financing goals. Arleo is fluent in English and Farsi.
John Varley
Corporate Legal Counsel
John Varley is admitted to practice law in California, Including the California Supreme Court, Ninth Circuit Court of Appeals, United States Tax Court, and the US District Courts- Southern, Central, Eastern and Northern Districts of California. In the area of Corporate and Bankruptcy Law, John has personally filed more 2,500 successful cases through the Federal Bankruptcy Court System. John is one of the few attorneys to have trained and certified in the three separate training trips to North Carolina under the preeminent bankruptcy litigator, Oliver Max Gardner. He received his Juris Doctor from Thomas Jefferson School Of Law In 2007. John Varley is a Certified Public Accountant (Delaware) and earned an MBA with emphasis In Finance from San Diego State University In 1989. He received his Bachelor of Arts Degree In Economics from UCLA In 1984. He is a member of Mensa High IQ Society.
Al Sheivani
Senior Financial Consultant & Controller
Al Sheivani is a management accountant, forensic accountant, and due diligence expert. He specializes in the creation of historical financial statements, financial pro formas, financial account reconciliation, and identifying errors and irregularities in accounting for small to medium-sized businesses seeking financing. Other areas of expertise include institutional debt finance, SBA lending, and loan shepoarding. Al provides decades of experience in handling challenging financial issues for corporations.
Frequently Asked Questions
Find answers to common questions about our services.
Who qualifies for Chapter 12 bankruptcy?
What is the difference between Chapter 12 and Chapter 7 bankruptcy?
What is an emergency bankruptcy filing?
How long do Chapter 12 repayment plans last?
Do I need credit counseling before filing Chapter 12?
Can I file Chapter 12 bankruptcy without a lawyer?
Will bankruptcy stop foreclosure or collection actions immediately?
How do I get started?
What is the automatic stay?
Are there debt limits for Chapter 12 bankruptcy?
