Farm Finance: Participants' Views on Issues Surrounding Chapter 12 Bankruptcy

Pursuant to a congressional request, GAO provided information on Chapter 12 family farmer bankruptcy provisions, focusing on Minnesota, Nebraska, Louisiana, and Colorado bankruptcy participants' views on: (1) the provision's effects on credit availability and cost; (2) mandatory mediation as an alternative to Chapter 12 for resolving repayment problems; (3) Chapter 12 eligibility criteria; (4) the appropriateness of the legislatively mandated plan filing and confirmation milestones; and (5) Chapter 12 sunset provisions.