S. 3721 · 115th Congress
A bill to amend title 11, United States Code, with respect to the definition of the term "family farmer".
- Stage
- In committee
- Sponsor
- Chuck Grassley
- Introduced
- 2018-12-06
- Latest action
- 2018-12-06 · Introduced in Senate
Summary
This bill amends the federal bankruptcy code to increase the aggregate debt limit for a family farmer who files for relief under chapter 12 (family farmer or fisherman reorganization). The debt limit is the maximum amount of debt that can be reorganized in bankruptcy.