With very little press, President Trump signed into law the Family Farmer Relief Act on August 23, 2019 (Public Law no. 116-51). The measure increases the current debt limit used to determine whether a family farmer is eligible for relief under Chapter 12 of the Bankruptcy Code from $4,411,400 to $10,000,000. By lifting this cap, Congress has provided more farmers, who would otherwise be required to file Chapter 11, with the opportunity to qualify for the specialized relief of Chapter 12.
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