3.0.0 194 2023-01-11T13:28:52Z 2023-01-11T13:28:52Z Senate S 2015-01-20 114 ssju00 Judiciary Committee Senate Standing Referred to 2015-01-20T21:21:45Z 2015-01-20 ssju00 Judiciary Committee Senate Read twice and referred to the Committee on the Judiciary. (Sponsor introductory remarks on measure: CR S284-285; text of measure as introduced: CR S285) IntroReferral 2015-01-20 Introduced in Senate IntroReferral 10000 9 Library of Congress G000386 Sen. Grassley, Chuck [R-IA] Charles Grassley R IA E. N F000457 Sen. Franken, Al [D-MN] Al Franken D MN 2015-01-20 True W000437 Sen. Wicker, Roger F. [R-MS] Roger Wicker R MS F. 2015-03-24 False Finance and Financial Sector Agricultural prices, subsidies, credit Bankruptcy Finance and Financial Sector 00 2015-01-20 Introduced in Senate 2015-02-03T16:04:39Z Family Farmer Bankruptcy Clarification Act of 2015

Amends chapter 12 of federal bankruptcy law (Debt Adjustment of a Family Farmer or Fisherman with Regular Annual Income) with respect to discharge of governmental claims based upon the disposition of property used in a farming operation.

Treats any unsecured claim of a governmental unit against the debtor or debtor's estate as an unsecured debt (hence, not entitled to priority payment), if it results from the sale, transfer, exchange, or other disposition of any property used in the debtor's farming operation and it arises either: (1) before the petition in bankruptcy is filed, or (2) after such filing but before the debtor's discharge.

Authorizes a governmental unit to file a proof for a claim that arises after the date on which the petition is filed.

Requires such debt to be discharged in accordance with specified discharge procedures.

States that, for purposes of applying procedures governing plan confirmation, discharge, and modification after plan confirmation, the amount that would be paid on the claim if the estate were liquidated under chapter 7 shall be the amount that would be paid by the estate in a chapter 7 case if the claim were an unsecured claim arising before the date on which the petition was filed and not entitled to priority payment status.

]]> Family Farmer Bankruptcy Clarification Act of 2015 Display Title Family Farmer Bankruptcy Clarification Act of 2015 Official Title as Introduced A bill to amend title 11 of the United States Code to clarify the rule allowing discharge as a nonpriority claim of governmental claims arising from the disposition of farm assets under chapter 12 bankruptcies. Introduced in Senate IS Short Titles as Introduced Family Farmer Bankruptcy Clarification Act of 2015 Introduced in Senate 2015-01-20T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114s194is/xml/BILLS-114s194is.xml 2015-01-20 Read twice and referred to the Committee on the Judiciary. (Sponsor introductory remarks on measure: CR S284-285; text of measure as introduced: CR S285) text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.