Which of the Following Is False Regarding Chapter 12 of the Bankruptcy

Multiple Choice

Which of the following is false regarding Chapter 12 of the bankruptcy code?

A) A family farmer under Chapter 12 must have regular annual income.
B) The family farmer's gross income must be at least 50 percent farm-dependent.
C) More than 80 percent of the debt must be farm-related.
D) The total debt must be under $1.5 million.
E) Congress modeled Chapter 12 after Chapter 7 relief.