Chapter 12 bankruptcy

GPTKB entity

Statements (36)
Predicate Object
gptkbp:instanceOf gptkb:law
bankruptcy process
gptkbp:administeredBy gptkb:United_States_bankruptcy_courts
gptkbp:allows reorganization of debts
gptkbp:appliesTo family farmers
family fishermen
gptkbp:codified_at gptkb:11_U.S.C._§§_1201–1231
gptkbp:distinctFrom gptkb:Chapter_11_bankruptcy
gptkb:Chapter_13_bankruptcy
gptkbp:eligibility debt limits
majority of income from farming or fishing
gptkbp:enactedBy gptkb:United_States_Congress
1986
https://www.w3.org/2000/01/rdf-schema#label Chapter 12 bankruptcy
gptkbp:location gptkb:United_States
gptkbp:made_permanent_by gptkb:Bankruptcy_Abuse_Prevention_and_Consumer_Protection_Act_of_2005
gptkbp:modeledAfter gptkb:Chapter_13_bankruptcy
gptkbp:part_of gptkb:United_States_Bankruptcy_Code
gptkbp:permits automatic stay
cramdown of secured debts
discharge of certain debts
modification of secured claims
gptkbp:provides protection from creditors
repayment plan over 3 to 5 years
special provisions for seasonal income
gptkbp:purpose provide debt relief to family farmers and fishermen
gptkbp:requires filing of petition with bankruptcy court
regular annual income
submission of repayment plan
gptkbp:subject court approval
trustee oversight
gptkbp:was_temporary_until 2005
gptkbp:bfsParent gptkb:bankruptcy
gptkb:United_States_bankruptcy_courts
gptkb:United_States_Bankruptcy_Court
gptkbp:bfsLayer 5