Chapter 12, Title 11, United States Code
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Chapter 12 refers to Chapter 12 of Title 11 of the United States Code, a chapter of the Bankruptcy Code. This chapter of the Bankruptcy Code is available only to family farmers and fishermen in certain situations. It is similar to Chapter 13 in some ways, but in other ways benefits farmers and fishermen in ways other than that which is available to ordinary U.S. wage earners.
As recently as mid-2004, Chapter 12 was scheduled to expire, but in late 2004 it was renewed and made permanent.
Criticism exists because Chapter 12's relatively advantageous provisions are only available to a limited number of filers.
| Title 11 of the United States Code | |||
|---|---|---|---|
| 2003 Filings | 2004 Filings | ||
| Individuals | Businesses | Total | |
| Chapter 7 | 1,156,284 | 21,008 | 1,153,865 |
| Chapter 11 | 959 | 9,185 | 10,368 |
| Chapter 12 | 0 | 698 | 238 |
| Chapter 13 | 468,562 | 5,201 | 454,412 |
