Chapter 12 Debt Limit Increased Trev E. Peterson
On Friday, August 23, 2019 the President signed the Family Farmer Relief Act of 2019. The Act increases the debt limit in the Bankruptcy Code’s definition of family farmer from the current $3,237,000 to $10,000,000.00. The increase in the debt limit is intended to make Chapter 12 relief available to more family farmers. Chapter 12 [...]