Chapter 12 bankruptcy is another type of reorganization bankruptcy and is almost identical to the Chapter 13. But to be eligible for Chapter 12 bankruptcy, at least 50% of your debts must arise from the operation of a family farm. Chapter 12 bankruptcy has higher debt ceilings to accommodate the large debts that may come with operating a farm, and it offers the debtor more power to eliminate certain types of liens. Very few people use Chapter 12 bankruptcy; if you are considering Chapter 12 bankruptcy, you should consult with an experienced lawyer who is an expert in Chapter 12 cases.