Chapter 12 of the U.S. Bankruptcy Code: Reorganization of a Family Farmer or Fisherman

RS20742 -- Chapter 12 of the U.S. Bankruptcy Code: Reorganization of a Family Farmer or Fisherman

Updated August 2, 2005

Summary

Chapter 12 of the U.S. Bankruptcy Code dealing with "family farmer" reorganization, temporarily extended 11 times since its original enactment, is made permanent by enactment of the Bankruptcy Abuse Prevention and Consumer Protection Act, P.L. 109-8. It is amended to include "family fisherman" as well. This report surveys the highlights of this chapter.