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Bankruptcy Process

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At  bankruptcy consultation, you must bring:

  • List of debts you owe

  • Income records: Pay stubs or bank records.

  • Tax returns of last 3 years

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A Bankruptcy Tustee is appointed by Court to review the debtor’s petition and schedules, conduct the meeting of creditors, to make sure there is no fraud and to administer the bankruptcy estate in liquidation.

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Chapter 7 Bankruptcy News

Harris Hills dairy in Union Maine files for bankruptcy

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Summary of the Article

The owner of an organic dairy farm in Union has filed for bankruptcy, citing more than $350,000 in company debt and more than $670,000 in personal debt. Caleb Harris, owner of Harris Hills Organic Dairy, filed the petition for Chapter 7 bankruptcy on Thursday, according to documents filed in bankruptcy court in Bangor.

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Article

The owner of an organic dairy farm in Union has filed for bankruptcy, citing more than $350,000 in company debt and more than $670,000 in personal debt.

Caleb Harris, owner of Harris Hills Organic Dairy, filed the petition for Chapter 7 bankruptcy on Thursday, according to documents filed in bankruptcy court in Bangor.

 It listed bank, vendor and legal fees as the primary creditors, and farm equipment and supplies among the farm’s assets.

The farm maintained a herd of 92 cows and supplied milk to Stonyfield, an organic dairy processor in New Hampshire. The livestock, including yearlings and calves, is valued at $240,000.

Harris Hills was not part of the MOOMilk organic dairy collaborative that shut down last year.

 

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Culled From

first published: 2015-02-12 19:07:30

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