Chapters 12, 13

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Written on Aug 20, 2021
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Chapters of the US bankruptcy law that apply to family farmers and fishermen, and private individuals respectively. The provisions of these chapters allow reorganization under supervision of the bankruptcy court with the intention of rehabilitation. This is in contrast to a Chapter 7 filing that involves liquidation.

Reference: Oxford Press Dictonary of Economics, 5th edt.


Sources & references

James Knight

James Knight

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James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets. His main focus is on improving financial literacy among casual investors. He has been with Invezz since the start of 2021 and has been...