Chapter 12 Bankruptcy for Family Farmers & Fishermen
Chapter 12 bankruptcy explained: a repayment plan built specifically for family farmers and commercial fishermen with regular income.
A chapter built for agriculture
Chapter 12 is a specialized repayment plan for family farmers and commercial fishermen with regular annual income. It recognizes that farm and fishing income is seasonal and uneven.
How it differs
It works like Chapter 13 but with higher debt limits and flexibility suited to agricultural operations — letting families keep the farm or boat while restructuring debt.
Who qualifies
Eligibility depends on the share of income and debt tied to a farming or fishing operation. The rules are specific, so a knowledgeable attorney is important.
Next steps
If your livelihood is farming or fishing and debt has become unmanageable, an attorney can tell you whether Chapter 12 is the right fit.
Key takeaway
Chapter 12 is a specialized repayment plan for family farmers and commercial fishermen with regular annual income. A free case review with a licensed attorney is the fastest way to know what applies to you.