A bipartisan bill, the “Family Farmer Relief Act of 2019”, has been introduced in the Senate to make Chapter 12 bankruptcies accessible to more family farms in need of debt relief.
Our friends at Saul Ewing Arnstein & Lehr LLP have summarized the advantages this could provide small to mid-sized farming operations as compared to the currently available relief options, namely Chapter 11. If you would like to read more on the Family Farm Relief Act, please visit: https://bit.ly/2ZwbNJu.