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Bankruptcy

Understanding the Basics of Chapter 12 Bankruptcy

There are an estimated 2.1 million farms in the United States along with over 1.5 million jobs in the seafood industry. When people in the farming and fishing industries get in financial trouble, one of their main options is to file bankruptcy. Bankruptcy law is confusing, especially considering there are four different types of bankruptcy: Chapter 7, Chapter 11, Chapter 12, and Chapter 13. For family farmers and fishermen, filing

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