Calag Archive
Calag Archive
Chapter 12 and farm bankruptcy in California
Publication Information
California Agriculture 43(6):28-31.
Published November 01, 1989
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Abstract
A study of bankruptcy plans confirmed in California suggests the new Chapter 12 provisions of the Bankruptcy Code have increased the bargaining power of financially distressed farmers relative to their lenders. But Chapter 12 may lead to higher interest rates on new agricultural loans.