Chapter XVII Chapter 12 - Adjustment of Debts of A Family Farmer Or Fisherman with Regular Income

• Jurisdiction: North Carolina

CHAPTER XVII Chapter 12 - Adjustment of Debts of a Family Farmer or Fisherman With Regular Income
David F. MillsNarron Wenzel, P.A.Smithfield, North Carolina
Steven G. TateChapter 12 and 13 Trustee -Asheville, Statesville and Shelby DivisionsStatesville, North Carolina
CHAPTER XVIIChapter 12 - Adjustment of Debts of a Family Farmer or Fisherman With Regular Income

I. INTRODUCTION

II. FILING A CHAPTER 12 CASE

A. Eligibility for Relief

1. Family Farmer

2. Family Fisherman

3. Voluntary Petitions Only

4. The Petition for Relief and Other Necessary Documents

III. POST-PETITION OPERATIONS

A. Appointment of Trustee

1. Duties of Trustee

2. Compensation of Trustee

B. The Rights and Powers of the Debtor

C. Monthly Reports

D. Filing of Claims

E. Status Conferences

IV. CHAPTER 12 AUTOMATIC STAY

A. Relief From Stay

B. Adequate Protection

1. Reasonable, Customary Rent

2. Elimination of Lost Opportunity Costs

V. SALE OF PROPERTY IN A CHAPTER 12 CASE

VI. USE OF CASH COLLATERAL

VII. THE PLAN OF REORGANIZATION

A. Provisions of the Plan

B. Treatment of Post-Petition Crops or Crop Proceeds

C. Other Provisions of the Plan

D. Confirmation of the Plan

1. Confirmation Standards

2. Secured Claims

3. Good Faith and Feasibility

E. Post-Confirmation

1. Wage Deduction

2. Effect of Confirmation

3. Modification of Plan After Confirmation

4. Revocation of Confirmation

VIII. DISCHARGE

IX. CONVERSION

X. DISMISSAL

Statutory References

11 U.S.C. § 101(8)
11 U.S.C. § 101(18)
11 U.S.C. § 101(18)(A)
11 U.S.C. § 101(18)(B)
11 U.S.C. § 101(19)(A)
11 U.S.C. § 101(19)(B)
11 U.S.C. § 104
11 U.S.C. § 105
11 U.S.C. § 109(h)
11 U.S.C. § 303
11 U.S.C. § 303(i)
11 U.S.C. § 329
11 U.S.C. § 341
11 U.S.C. § 342(b)
11 U.S.C. § 361
11 U.S.C. § 362
11 U.S.C. § 362(a)(3)
11 U.S.C. § 362(a)(4)
11 U.S.C. § 362(c)(2)(C)
11 U.S.C. § 363
11 U.S.C. § 363(a)
11 U.S.C. § 363(b)
11 U.S.C. § 363(c)
11 U.S.C. § 363(c)(2)
11 U.S.C. § 363(c)(4)
11 U.S.C. § 363(f)
11 U.S.C. § 363(f)(5)
11 U.S.C. §...