Chapter 12 bankruptcy

Definition of "Chapter 12 bankruptcy"
  1. A provision allowing small farmers to restructure their debts
How to use "Chapter 12 bankruptcy" in a sentence
  1. Due to a period of poor harvest, the farmer had to consider filing for Chapter 12 bankruptcy.
  2. Chapter 12 bankruptcy was designed to help struggling farms stay afloat.
  3. To prevent foreclosure, the small farm owner filed for Chapter 12 bankruptcy.
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