kansas farm bankruptcy

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Bankruptcy Relief for Farmers and Ranchers

Bankruptcy Relief for Farmers and Ranchers

Congress amended the bankruptcy law in 1986 to create a new bankruptcy remedy specifically for farmers and ranchers, known as Chapter 12.  Prior to that, farmers and ranchers were forced to reorganize under Chapter 11, which is really designed for non-farm businesses, or file under Chapter 13, which is primarily intended for individuals with consumer [...]