Can I retain control of my farm after filing for Chapter 12?
Yes. A Trustee is appointed in Chapter 12 to oversee distributions to creditors and to monitor the progress of the case, but control of the daily operations remains in the hands of the debtor/owner. The Trustee’s role is limited to financial oversight and compliance with the bankruptcy rules. Chapter 12 Debtors retain their autonomy over the day to day farming operations.