Chapter 12


Chapter 12
Chapter 12
family farmer bankruptcies. This was created by Congress in 1986 (Chapter 12 became effective on November 26, 1986). Only a family-owned farm business can qualify for Chapter 12 and it must have debt less than $1.5 million and have 50% of its income from farming operations (Glossary of Common Bankruptcy Terms)

A simplified reorganization plan for family farmers whose debts fall within certain limits (SA-Bankruptcy.com)

A reorganization chapter for family farmers. It was enacted after Chapter 13 and is substantially similar.
also see plan (Bernstein's Dictionary of Bankruptcy Terminology)

The chapter of the Bankruptcy Code providing for adjustment of debts of a "family farmer," as that term is defined in the Code. (BankruptcyAction.com)

United Glossary of Bankruptcy Terms 2012.

chapter 12
A reorganization chapter for family farmers. It was enacted after Chapter 13 and is substantially similar. also see Plan

US Bankruptcy 2012.


Glossary of Bankruptcy.

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