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  2. Chapter 12, Title 11, United States Code - Wikipedia

    en.wikipedia.org/wiki/Chapter_12,_Title_11...

    Chapter 12 of Title 11 of the United States Code, or simply chapter 12, is a chapter of the Bankruptcy Code. It is similar to Chapter 13 in structure, but it offers additional benefits to farmers and fishermen in certain circumstances, beyond those available to ordinary wage earners. Chapter 12 is applicable only to family farmers and fishermen.

  3. Bankruptcy Abuse Prevention and Consumer Protection Act

    en.wikipedia.org/wiki/Bankruptcy_Abuse...

    The law makes Chapter 12 bankruptcy (farm reorganization) permanent while adding family fishermen, overhauls the treatment of complex financial contracts including many derivative contracts used by hedge funds, and overhauls the treatment of ancillary foreign bankruptcy proceedings.

  4. Bankruptcy in the United States - Wikipedia

    en.wikipedia.org/wiki/Bankruptcy_in_the_United...

    Originally, bankruptcy in the United States, as nearly all matters directly concerning individual citizens, was a subject of state law. However, there were several short-lived federal bankruptcy laws before the Act of 1898: the Bankruptcy Act of 1800, [3] which was repealed in 1803; the Act of 1841, [4] which was repealed in 1843; and the Act of 1867, [5] which was amended in 1874 [6] and ...

  5. Debt consolidation vs. Bankruptcy: Which is right for you?

    www.aol.com/finance/debt-consolidation-vs...

    Chapter 12 bankruptcy for family fishermen and family farmers needing a repayment plan. Debt consolidation vs. bankruptcy. Bankruptcy and debt consolidation both have their pros and cons.

  6. Minnesota bankruptcy law firm files for bankruptcy after ...

    www.aol.com/minnesota-bankruptcy-law-firm-files...

    One of Minnesota's oldest bankruptcy law firms has filed for Chapter 11 bankruptcy protection after losing a five-year legal spat with another bankruptcy law firm over mutual claims of false ...

  7. Debt restructuring - Wikipedia

    en.wikipedia.org/wiki/Debt_restructuring

    Among the most common forms of in-court debt restructuring for firms in the United States are Chapter 11 and Chapter 12 bankruptcy. Under Chapter 11, firms form a plan to reorganize their credit obligations, such that they are able to continue operating while they are going through with their debt repayment plans and after they become solvent.

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