| | | |  | Chapter 12 Bankruptcy |
| | | | | | Chapter 12 Bankruptcy
Chapter 12 of the U.S. Bankruptcy Code is designed for family farmers or family fishermen with regular annual income. It enables financially distressed family farmers and fishermen to propose and carry out a plan to repay all or part of their debts. Under chapter 12, debtors propose a repayment plan to make installments to creditors over three to five years. |
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