RE-ENACTMENT OF CHAPTER 12 OF THE BANKRUPTCY CODE

On October 25, 2004, the President signed into law S. 2864 (P. L. 108-369, 118 Stat. 1749), extending chapter 12 of the Bankruptcy Code for eighteen months, retroactive to January 1, 2004, and ending July 1, 2005. Chapter 12 of the Bankruptcy Code expired on January 1, 2004, pursuant to Pub. L. No. 108-73, and has not been available to family farmers for over nine months. Family farmers who, on or after January 1, 2004, filed for relief under another chapter of the Bankruptcy Code may convert their cases to chapter 12.