The procedure and content of a Chapter 12 plan are similar to the proce?dure and content of a Chapter 13 plan.

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Both Chapter 12 and Chapter 13 plans involve proposing a repayment plan to creditors over a period of time. Both plans require the debtor to submit a plan outlining how they will repay their debts, which must be approved by the bankruptcy court. Additionally, both plans allow for certain types of debts to be discharged once the plan has been completed. However, Chapter 12 is specifically designed for family farmers and fishermen, while Chapter 13 is available to individuals with regular income who have unsecured debts below a certain threshold.

The Procedure and Content of a Chapter 12 Plan Are