Dealing with Financial Stress on Texas Farms and Ranches - Bankruptcy and Non-Bankruptcy Alternatives

This publication is devoted to a discussion of various alternative strategies for dealing with financial stress. It should be clear that there are no simple answers, nor are there any quick fixes. Each producer and each operation is unique, and only the producer will be able to decide which alternative, or combination of alternatives, will be effective in addressing the financial stress in his operation. However, as the producer goes through the process of analyzing his alternatives, it is imperative that he seek competent legal and tax advice from his attorney and accountant. (10 pages)