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Different Types of Banktupcies: Chapter 12





Truth be told, there are more than one types of banktupcies, and you need to carefully choose which one suits you. Here is what is Chapter 12 bankruptcy.

From :

Chapter 12 is designed to permit family farmers and fishermen to repay their debts over a period of time from future earnings and is similar to chapter 13. The eligibility requirements are restrictive, limiting its use to those whose income arises primarily from a family-owned farm or commercial fishing operation.

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