Similar to Chapter 13 but exclusive to farmers and family fishermen, Chapter 12 Bankruptcy provides immediate relief with an automatic stay. This temporarily shields you from creditors as you formulate a three to five-year debt repayment plan, presenting it to the court. The plan requires that all disposable income, what remains after business and living expenses, goes toward debt repayment. Upon court confirmation and adherence to the plan, the debt is discharged when terms are met, and the case is closed.