Chapter 12 is exclusively for farmers. It gives a farmer a lot of leeway in reorganizing his debts. It will enable a farmer to write the amount owed on his farm real estate down to the value rather than what he actually owes on it. Also, the farmer might have a lot of machinery that is financed but it is not worth as much as he owes. Again the farmer can propose a plan where he pays what the machinery is worth rather than what he owes on it.