Chapter 12 – Adjustment of Debts of a Family Farmer or Fisherman with Regular Annual Income

E354494

Chapter 12 – Adjustment of Debts of a Family Farmer or Fisherman with Regular Annual Income is a specialized bankruptcy chapter in U.S. law that provides a streamlined process for financially distressed family farmers and fishermen to reorganize and repay their debts while continuing operations.

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Statements (48)

Predicate Object
instanceOf bankruptcy chapter ⓘ
legal process ⓘ
reorganization bankruptcy ⓘ
administeredBy United States bankruptcy courts ⓘ
allows modification of secured claims under certain conditions ⓘ
restructuring of mortgage debt on farm property in some cases ⓘ
appliesTo family farmers ⓘ
family fishermen ⓘ
basedOn concept of regular income repayment plans ⓘ
benefit allows retention of farm assets in many cases ⓘ
offers protections tailored to seasonal income patterns ⓘ
provides structured repayment to creditors ⓘ
codifiedAs 11 U.S.C. §§ 1201–1231 ⓘ
country United States ⓘ
createdBy United States Congress ⓘ
designedFor financially distressed family farmers ⓘ
financially distressed family fishermen ⓘ
differsFrom Chapter 11 bankruptcy ⓘ
Chapter 7 bankruptcy ⓘ
feature automatic stay on collection actions ⓘ
court‑supervised repayment plan ⓘ
reorganization rather than liquidation ⓘ
streamlined bankruptcy process ⓘ
trustee oversight ⓘ
goal avoid liquidation of family farms ⓘ
avoid liquidation of family fishing businesses ⓘ
involves filing of a petition in bankruptcy court ⓘ
submission of a proposed repayment plan ⓘ
submission of schedules of assets and liabilities ⓘ
jurisdiction United States ⓘ
language English ⓘ
legalBasis Title 11 of the United States Code ⓘ
objective enable debtor to repay creditors over time ⓘ
preserve ongoing farming operations ⓘ
preserve ongoing fishing operations ⓘ
overseenBy United States Trustee Program ⓘ
partOf United States Bankruptcy Code ⓘ
purpose adjustment of debts ⓘ
allow debtor to continue farming operations ⓘ
allow debtor to continue fishing operations ⓘ
reorganization of debts ⓘ
requires confirmation of a repayment plan by the bankruptcy court ⓘ
meeting statutory definitions of family farmer or family fisherman ⓘ
regular annual income ⓘ
similarTo Chapter 13 bankruptcy ⓘ
targetGroup small to mid‑sized agricultural operations ⓘ
small to mid‑sized commercial fishing operations ⓘ
typeOf specialized bankruptcy relief ⓘ

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Full triples — surface form annotated when it differs from this entity's canonical label.

Title 11 of the United States Code → contains → Chapter 12 – Adjustment of Debts of a Family Farmer or Fisherman with Regular Annual Income ⓘ