Chapter 12 is almost identical to Chapter 13 bankruptcy, but to be eligible for Chapter 12 bankruptcy, at least 80% of your debts must arise from the operation of a family farm.
Chapter 12 bankruptcy has higher debt ceilings to accommodate the large debts that may come with operating a farm, and it offers the debtor more power to eliminate certain types of liens. Very few people use Chapter 12 bankruptcy; if you want to join their ranks, you should consult with a lawyer.
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