Reorganizing a Farm Business with Chapter 12 of the Bankruptcy Code: A Brief Guide

Farm reorganization through chapter 12 is a powerful tool for farmers seeking to restructure burdensome debt, change production models, or even transition a farm to the next generation. It can help farming and fishing operations avoid financial distress and allow them to transform their operation or transfer it to the next generation—without requiring liquidation or financial insolvency. This guide covers who is involved, who is eligible, the benefits, and how it works. 

You can also read a higher-level summary about chapter 12 in the slide deck linked below: