Chapter 12

When you learned all about bankruptcy law (and who hasn't spent the largest part of a misspent youth huddled over tomes of bankruptcy law?), you probably spent some time on Chapter 11 and on Chapter 13. You probably also felt that conspiratorial, it-seems-like-there-must-have-been-a-second-shooter tingle in your brain...where was Chapter 12? What have they done with Chapter 12? Chapter 12, are you okay?

Yes, Chapter 12 is fine. Chapter 12 is a part of the bankruptcy code specifically dealing with family farms and family fishing businesses. Basically, it's where the blue-collar folk from beer commercials go when they need to restructure their debts and avoid losing their homes and businesses.