Chapter 12
Chapter 12
A chapter 12 bankruptcy is only for farmers and fishermen. Chapter 12 bankruptcy helps reorganize the debts of a farmers and fishermen. Secured debts can be modified and unsecured debts can be eliminated. Special rules apply in a Chapter 13 Bankruptcy.If you’re afraid of losing your farm or your fishing boat you should speak to a knowledgeable bankruptcy attorney about chapter 12 bankruptcy.
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