Chapter 12 Adjustment of the Debts of a Family Farmer / Fisherman

Chapter 12 bankruptcy allows family farmers and family fisherman to readjust their debts. In many regards Chapter 12 is similar to Chapter 13 with some differences to reflect to economic realities faced by many family farmers and fishermen.

Chapter 12 Bankruptcy filings, despite Orange County’s agricultural history, are very rare in Orange County. For the fiscal year ended September 30, 2007 there were not any Chapter 12 Bankruptcies filed in Central District of California which includes Orange County.