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.

Look at other dictionaries:

  • Chapter 12 — n: chapter 12 of the U.S. Bankruptcy Code see also bankruptcy code in the important laws section Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • Chapter 12 — A U.S. bankruptcy proceeding specifically for family farms or fisheries that gives the farm or fishery owner the ability to reorganize his or her finances and debts while still keeping the farm or fishery. The farm or fishery owner will work with …   Investment dictionary

  • Chapter 12 bankruptcy — A type of bankruptcy that allows small farmers to reorganize their debts. Category: Bankruptcy, Foreclosure & Debt → Bankruptcy Nolo’s Plain English Law Dictionary. Gerald N. Hill, Kathleen Thompson Hill. 2009 …   Law dictionary

  • Chapter 12, Title 11, United States Code — Bankruptcy in the United States Bankruptcy in the United States Authority · History U.S. Trustee Court  …   Wikipedia

  • Chapter 12 (farmer) bankruptcy — See bankruptcy proceedings (family farmer bankruptcy) …   Black's law dictionary

  • Chapter 12 (farmer) bankruptcy — See bankruptcy proceedings (family farmer bankruptcy) …   Black's law dictionary

  • bankruptcy, Chapter 12 — n. A proceeding to allow for family farmers and fisherman to create a repayment plan to pay off debts over a specified period of time while being supervised by the court. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks …   Law dictionary

  • chapter — the Bankruptcy Code is organized into Chapters. Except for Chapter 12, the Chapters of the present code are all odd numbered and are enumerated with Arabic numerals. (Before the Bankruptcy Reform Act of 1978, the Chapters were numbered with Roman …   Glossary of Bankruptcy

  • Chapter 11, Title 11, United States Code — Bankruptcy in the United States Bankruptcy in the United States Authority · History U.S. Trustee Court  …   Wikipedia

  • Chapter 13, Title 11, United States Code — Bankruptcy in the United States Bankruptcy in the United States Authority · History U.S. Trustee Court  …   Wikipedia

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