Which section of the bankruptcy code was specifically designed for farmers?

Chapter 12 of the bankruptcy code was specifically designed for farmers and fishermen. This provision acknowledges the unique financial challenges faced by individuals in agricultural and fishing industries. It allows for a streamlined process tailored to the needs of these debtors, enabling them to propose a repayment plan to pay off their debts over a three to five-year period. This approach helps farmers and fishermen retain their operations and recover from financial distress while ensuring that they can continue to produce agricultural products or engage in fishing activities. The design of Chapter 12 considers the seasonal nature of farming and fishing income, which can fluctuate significantly, providing these debtors with a more suitable framework for managing their debts compared to the other chapters of the bankruptcy code.