Chapter 12

Chapter 12
Chapter 12

Chapter 12 is a family farmer Bankruptcy.  It was originally created in the 80s when farmers were having a difficult time and Chapter 13 and Chapter 11 were not providing farmers the relief they needed in order to reorganize.  The primary reason it is better for farmers than a Chapter 13 is that the debt limits are higher.  The primary advantage over a Chapter 11 is that it is more affordable for the farmer to file a Chapter 12 than a Chapter 11.

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