what do the bankruptcy codes mean
chapter 12: The chapter of the Bankruptcy Code providing for adjustment of debts of a âfamily farmer,â or a âfamily fishermanâ as those terms are defined in the Bankruptcy Code. chapter 13: The chapter of the Bankruptcy Code providing for adjustment of debts of an individual with regular income. (Chapter 13 allows a debtor to keep property and pay debts over time, usually three to five years.) chapter 15: The chapter of the Bankruptcy Code dealing with cases of cross-border insolvency.