This bill amends the federal bankruptcy code to increase the aggregate debt limit for a family farmer who files for relief under chapter 12 (family farmer or fisherman reorganization). The debt limit is the maximum amount of debt that can be reorganized in bankruptcy.
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in Senate
Read twice and referred to the Committee on the Judiciary.
Introduced in Senate
Read twice and referred to the Committee on the Judiciary.
Finance and Financial Sector
Agricultural prices, subsidies, creditBankruptcySmall business
A bill to amend title 11, United States Code, with respect to the definition of the term "family farmer".
USA115th CongressS-3721| Senate
| Updated: 12/6/2018
This bill amends the federal bankruptcy code to increase the aggregate debt limit for a family farmer who files for relief under chapter 12 (family farmer or fisherman reorganization). The debt limit is the maximum amount of debt that can be reorganized in bankruptcy.