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ABI Journal

Chapter 12/Farm Cases

Chapter 12: Outcomes for Family Farmers and Fishermen

Sep 2015

Bankruptcy Code

Chapter 12 Eligibility Requirements Construed Liberally in Favor of the Debtor

Unfiled claims aren’t included in calculation of total debt for chapter 12 eligibility.

Continuing to Farm Is Not Prerequisite for Relief in Chapter 12

Judge prescribes loose standards for eligibility as a family farmer.