Title: Compare the differences among the various types of bankruptcies.
Course: Agricultural Business Management III (18201-36) > Section: Making Consumer Choices

Comparison should include

- explaining the major causes of bankruptcy
  - failure of the agribusiness
  - failure to plan and budget
  - illness and/or injury
- evaluating of the terms of bankruptcy and the effect each has on an individual’s financial future
- explaining the advantages and disadvantages of bankruptcy
- assessing the need for legal advice in bankruptcy cases and the implications for personal finance.

Comparison should also include a definition and explanation of the following:

- Bankruptcy
- Chapter 7: Liquidation
- Chapter 13: Repayment Plan
- Chapter 11: Large Reorganization
- Chapter 12: Family Farmers
- Chapter 15: Used in Foreign Cases
- Chapter 9: Municipalities

Process/Skill Questions:

- What are the different types of bankruptcies?
- Why would an agribusiness file for bankruptcy?