Extension of family farmer bankruptcy provisions

hearing before the Subcommittee on Economic and Commercial Law of the Committee on the Judiciary, House of Representatives, One Hundred Third Congress, first session on H.R. 416 ... March 10, 1993.

by United States. Congress. House. Committee on the Judiciary. Subcommittee on Economic and Commercial Law.

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Published 1993 by U.S. G.P.O., For sale by the U.S. G.P.O., Supt. of Docs., Congressional Sales Office in Washington .
Written in

Places:

• United States.
Subjects:

• Farmers -- United States,
• Bankruptcy -- United States

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Classifications
LC Classifications	KF27 .J862 1993a
The Physical Object
Pagination	iii, 46 p. ;
Number of Pages	46
ID Numbers
Open Library	OL1147363M
ISBN 10	0160410975
LC Control Number	94119747
OCLC/WorldCa	28560007

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This provision, also called the Family Farmer Bankruptcy Clarification Act of is intended to assist struggling farmers by providing them with more options for . Text for S - th Congress (): Family Farmer Bankruptcy Clarification Act of

A PERMANENT BANKRUPTCY CHAPTER FOR FARMERS: AN ANALYSIS OF LEGISLATIVE PROPOSALS SECTION 75 of the Bankruptcy Act, popularly known as the Frazier-Lemke Act, lapsed for the third time on Ma Pending in Congress at 1. Section 75 (a) to (r) dealing with farmer-debtor compositions and extensions was enacted in Chapter 12 bankruptcy, referred to as the Family Farmer Bankruptcy Act, was enacted to alleviate some of the financial problems faced by agricultural producers. This study provides background information about bankruptcy, the history of bankruptcy, and of farmer bankruptcy, including the history of Chapter Bankruptcy Reform Act of and the Farmer: A Survey ofApplicable Provisions, 25 S.D.L. REV. () (analyzing bankruptcy provisions directly applicable to a farmer facing bankruptcy). See infra notes and accompanying text. See infra notes and accompanying text for a discussion of the Bankruptcy Code sec­ tions File Size: 1MB.

"Family farmer means--(A) individual or individual and spouse engaged in a farming operation whose aggregate debts do not exceed $ 3,, and not less than 50 percent of whose aggregate non-contingent, liquidated debts (excluding a debt for the principal residence of such individual or such individual and spouse unless such debt arises out of a farming operation), on the date the case is. Background A case filed under chapter 11 of the United States Bankruptcy Code is frequently referred to as a "reorganization" bankruptcy. An individual cannot file under chapter 11 or any other chapter if, during the preceding days, a prior bankruptcy petition was dismissed due to the debtor's willful failure to appear before the court or comply with orders of the court, or was voluntarily. Judges, United States Trustees, and Family Farmer Bankruptcy Act of , creating a new form of bankruptcy for farmers. The family farmer bankruptcy provisions of the act took effect on Novem , and are scheduled to expire on October 1, According to the conference report.