To be eligible for a Chapter 12 bankruptcy,at least ____________of the debtor's income must come from his or her farming or fishing activities.

Question

Quizplus · Accepted Answer

To be eligible for Chapter 12 bankruptcy, at least 50% of the debtor's income must come from farming or fishing activities. This is because Chapter 12 bankruptcy is specifically designed for family farmers and fishermen who are experiencing financial distress. It allows them to reorganize their debts and continue farming or fishing operations while paying off their creditors over a period of time.

To Be Eligible for a Chapter 12 Bankruptcy,at Least ____________Of