>>Trawick Buzzy Stubbs: You and I use the term chapter eleven or bankruptcy interchangeably. What’s the difference between chapter eleven and other chapters? >>Laurie Biggs: Chapter eleven is for businesses and for individuals who have a business related debt. uh… chapter twelve is specifically for farmers for um…entities that farm or for individuals who farm. There’s a long history in eastern north Carolina, particularly of chapter twelve bankruptcies, because of our agricultural past and um…economy in the state.
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Again, I think we clearly are.
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