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Secured Claims
are creditor's claims that are protected by a security interest in the assets of the debtor, giving the creditor a right to repossess the collateral if the debtor fails to fulfill the obligations.
Unsecured Claims
Debts or claims for which the creditor does not have any collateral security.
Chapter 12
A type of bankruptcy proceeding in the United States that provides for adjustment of debts of a "family farmer" or "family fisherman."
Family Farmers
Small-scale farmers who own and operate their farms primarily with family labor, focusing on the sustainability of agriculture and rural communities.
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