@article{Collender:278629,
      recid = {278629},
      author = {Collender, Robert N.},
      title = {Bankruptcy Costs Under Chapter 12},
      address = {1992-09},
      number = {1486-2018-6644},
      series = {AGES 9210},
      pages = {28},
      year = {1992},
      abstract = {Chapter 12 bankruptcy, Adjustment of Debts of a Family  Farmer With Regular Annual Income, will expire on October  1, 1993, unless Congress intervenes. Chapter 12 imposes  certain economic costs, referred to as bankruptcy costs and  considered deadweight losses to the economy. The magnitude  of these costs is an important element in the debate to  renew or extend Chapter 12. Based on White's model of  indirect bankruptcy costs, total bankruptcy costs under  Chapter 12 may be between 90 and 100 percent of the value  of farm assets at the time of filing. This cost compares  with estimates of 54 to 60 percent for farms and other  businesses filing for reorganization under Chapter 11 of  the U.S. Bankruptcy Code.},
      url = {http://ageconsearch.umn.edu/record/278629},
      doi = {https://doi.org/10.22004/ag.econ.278629},
}