Fixing Farm Bankruptcy
Childs, Kelly, Independent Banker
Chapter 12, the section of the federal bankruptcy code created for farmers, has always been bad news for agricultural community banks. But now, bankers have the chance to shape that bad news into something better.
Agricultural bankers had hoped that the controversial bankruptcy provision would disappear late last year when it was scheduled by law to sunset, but a last-minute legislative extension by Congress kept it afloat through April. With farmers suffering in the current wave of economic troubles in the commodities markets and their heavy-hitting political advocates vowing to make Chapter 12 a permanent part of the bankruptcy code, the …
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Publication information: Article title: Fixing Farm Bankruptcy. Contributors: Childs, Kelly - Author. Magazine title: Independent Banker. Volume: 49. Issue: 1 Publication date: January 1999. Page number: 40+. © 2002 Independent Banker. Provided by ProQuest LLC. All Rights Reserved.
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