Land - What to do with it?

[ssdsco]

Let's not run off another valuable contributor.

[here]

What do you do if you own land in a family farm? Would that be treated the same?

[AngelinaCatHub]

What do you do if you own land in a family farm? Would that be treated the same?

[here]

I own all the land outright, in my name, with the exception of 63 acres in my wifes name jointly.It is up for sale now. Apx 2400 acres all together. Can I be made to sell it to pay off my debts? Thank you.

[HHM]

There are some specific provisions in the BK code related to farms (in fact, chapter 12 BK is specifically for farmers).

You may want to explore that section in depth to see if that provision would be better for you.

[AngelinaCat]

Are you actively farming it?* If so, you might want to consider a Ch 12.* Ch 12s, from what I've read, is for farms.
Are you and your wife filing jointly, or just you?

Are you living on it? If so, you may be ble to exempt part of it for homestead.

[TEW]

Here
If were you I would repost this in it's own thread. Your question may not get the attention it should get way back here in this thread

[AngelinaCatHub]

Gymbo, in a C7 we were spacificaly asked if our homestead is in the City or Country. You are allowed as homestead small amount in the City and I believe up to 160 acres outside of City limits. Do you have a greenbelt exemption and are you producing ANYTHING? This is important as with 2400 acres, you have a huge asset. I'm pretty sure you would have to liquidate up to your bk owed. I doubt with that asset you could even go C7.

I read on this forum of a couple who adjoined two lots and that was questioned however in their case the second lot was unsellable due to low land and/or access. 'Hub

[AngelinaCatHub]

TEW, I think you right. This tread is way off it's original course. 'Hub

[Flamingo]

Flaming,
I haven't seen this much backpedalling since Clinton was in office.

I love where you say " I am sorry you took things the wrong way but it was just the way you were submitting your posting..."

Please Flaming, enlighten us or just me on how I am to take your first comment to me

"but I sort of suspected from the start, and you just confirmed, that you taking the time to post on here was to benefit your business in some way."

Should I take that comment as friendly way of asking me why I am being so helpful to others???

How long have you suffered from short term memory loss. Actually I think there is a movie based on your condition called Memento. Face it, you stepped over the line, I didn't back down from your snide comments and now you are sitting there with egg on your face. And if being a "Guru" on this forum was your cathartic outlet and you felt threatened by me, well I am truly sorry that you placed your self worth on the internet. You should look straight up for that. But please don't deny, your initial statement was anything but inflammatory, otherwise among everything else, you will be a liar as well.

After rereading your last several postings, I believe anger management courses or professional help in some way could benefit you. I refuse to pursue this further. Best of luck to you in your endeavors.

[lrprn]

BKParalegal and Flamingo - ok, that's enough. Any more you two have to say to each other, do it by PM.

If we mods see any additional personally directed posts anywhere in the forum that hijack threads away from the original posters will earn the poster (or posters) a seat on the sidelines for a week (that means no posting with read-only privileges).

Control of this thread is now returned back to our members who are trying to help the original poster.