Understanding Chapter 12 Bankruptcy
Posted on April 9, 2008 - Filed Under Finance | Leave a Comment
Chapter 12 bankruptcy covers anglers and farmers. If your income comes from family fishing or farming and you have a steady flow of income in prior years you can qualify for chapter 12 bankruptcy. The chapter 12 covers family businesses in these areas of business. The debt ratio of anglers and farmer is usually too high for chapter 11 and 13, which corporations usually use when filing bankruptcy.
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