Abstract
The Bankruptcy Judges, United States Trustees, and Family Farmer Bankruptcy Act of 1986, enacted as Public Law No. 99-554, introduced Chapter 12 to the Bankruptcy Code specifically aimed at providing debt relief to family farmers. This thesis explores providing debt relief to family farmers. It also explores the background leading to the enactment of Chapter 12, including the economic challenges faced by American family farmers in 1970s and 1980s. Additionally, it discusses the legislative history, congressional response, and the provisions of Chapter 12, noting its advantages over chapter 11 and 13 for family farmers in reorganizing their finances and maintaining their farmland.
Through analysis of congressional hearings and testimonies, the thesis evaluates Chapter 12’s effectiveness in stabilizing farming prices, preventing farm losses, and providing relief to debtor farmers, Furthermore, it discusses the criteria for eligibility under Chapter 12, the definition of a “family farmer,” and the debtor’s rights and Protections. Finally, the thesis provides a comprehensive review of the development, implementation, and outcomes of bankruptcy overall.
Repository Citation
Abojhanim, Moussa Ismael, "Bankruptcy Judges, United States Trustees, and Family Farmer Bankruptcy Act of 1986" (1994). LLM Theses and Essays. 330.
https://digitalcommons.law.uga.edu/stu_llm/330