Page:United States Statutes at Large Volume 100 Part 4.djvu/177

 PUBLIC LAW 99-554—OCT. 27, 1986

100 STAT. 3105

SEC. 253. WHO MAY BE A DEBTOR.

Section 109 of title 11, United States Code, is amended— (1) in subsection (f)— (A) by inserting "or family farmer" after "individual", t*7» and (B) by redesignating such subsection as subsection (g), and (2) by inserting after subsection (e) the following: "(f) Only a family farmer with regular annual income may be a debtor under chapter 12 of this title.". SEC. 254. INVOLUNTARY CASES.

Section 303(a) of title 11, United States Code, is amended by inserting ", family farmer," after "farmer". SEC. 255. FAMILY FARMERS.

Title 11 of the United States Code is amended by inserting after chapter 11 the following new chapter:

"CHAPTER 12~ADJUSTMENT OF DEBTS OF A FAMILY FARMER WITH REGULAR ANNUAL INCOME

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"SUBCHAPTER I-OFFICERS, ADMINISTRATION, AND THE ESTATE "Sec. "1201. "1202. "1203. "1204. "1205. "1206. "1207. "1208.

Stay of action against codebtor. Trustee. Rights and powers of debtor. Removal of debtor as debtor in possession. Adequate protection. Sales free of interests. Property of the estate. Conversion or dismissal. "SUBCHAPTER II—THE PLAN

"1221. "1222. "1223. "1224. "1225. "1226. "1227. "1228. "1229. "1230. "1231.

Filing of plan. Contents of plan. Modification of plan before confirmation. Confirmation hearing. Confirmation of plan. Payments. Effect of confirmation. Discharge. Modification of plan after confirmation. Revocation of an order of confirmation. Special tax provisions.

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"SUBCHAPTER I—OFFICERS, ADMINISTRATION, AND THE ESTATE "§ 1201. Stay of action against codebtor "(a) Except as provided in subsections Ok)) and (c) of this section, after the order for relief under this chapter, a creditor may not act, or commence or continue any civil action, to collect all or any part of a consumer debt of the debtor from any individual that is liable on such debt with the debtor, or that secured such debt, unless— "(1) such individual became liable on or secured such debt in the ordinary course of such individual's business; or "(2) the case is closed, dismissed, or converted to a case under chapter 7 of this title.

ll USC 1201.

ll usc 701 et seq.

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