Chapters 12, 13

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Updated: Aug 20, 2021

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.



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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.... read more.