chapter 12 bankruptcy

Chapter 12 Bankruptcy: How It Works

By |May 29th, 2015|

The following is an overview of the early course of a typical Chapter 12 bankruptcy case. See Chapter 12: Basics and Eligibility for an overview.This type of bankruptcy case begins by filing a petition with the bankruptcy court serving the area where the individual lives or where the corporation or partnership debtor has its principal […]

Chapter 12: Basics and Eligibility Requirements

By |April 24th, 2015|

Chapter 12 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. […]