Family Farmer Bankruptcy Clarification Act of 2017
About This Bill
Committee
Latest Action · May 25, 2017
Read twice and referred to the Committee on the Judiciary. (Sponsor introductory remarks on measure: CR S3216; text of measure as introduced: CR S3215-3216)
Family Farmer Bankruptcy Clarification Act of 2017
This bill amends the federal bankruptcy code to include an unsecured claim by a governmental unit (e.g., a tax claim by the Internal Revenue Service) resulting from the sale, transfer, exchange, or disposition of farming property in chapter 12 bankruptcy (family farmer or fisherman reorganization) proceedings. Such a claim that arises before a debtor's discharge, regardless of whether the claim is pre-petition or post-petition, must be treated as a pre-petition claim, is not entitled to priority status, must be provided for under the bankruptcy plan, and is dischargeable.
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