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Chapter 12
A bankruptcy provision designed for "family farmers" or "family fishermen" to devise a plan to repay all or part of their debts.
Financial Year
A period used for calculating annual financial statements in businesses and other organizations, often stretching over a 12-month period but not necessarily aligning with the calendar year.
Chapter 13 Provisions
Regulations under Chapter 13 of the U.S. Bankruptcy Code allowing individuals with a regular income to create a plan to repay all or part of their debts.
Self-Employed People
Individuals who work for themselves, either by owning their own business or working as independent contractors, rather than being employed by others.
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