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Largely because of low commodity prices, industry consolidation, and on-going trade disputes, farmers increasingly need to cope with debt problems. The program will overview the recent downturn in the agricultural sector, primarily focusing on smaller farms. Next will be an overview of bankruptcy options to assist farmers experiencing debt problems under Chapters 7, 11, 12, and 13 of the Bankruptcy Code. Finally, it will provide a primer on Chapter 12 geared toward practitioners who do not have experience in Chapter 12, including information about recent changes dealing with tax relief and expanding eligibility.
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