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Barnaby Is a Farmer Who Receives Two-Thirds of His Total

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Barnaby is a farmer who receives two-thirds of his total income from the sale of oranges.After two consecutive years of early frosts that destroyed his orange harvest,Barnaby found himself deep in debt.Seventy percent of his debt resulted from farm expenses.Can he file for Chapter 12 bankruptcy? Why or why not?

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Since more than 50 percent of his debt a...

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