President Clinton on Tuesday signed a six-month extension of Chapter 12 of the bankruptcy code, which is intended for farmers and was set to expire Thursday.

"Congress and the President acted just in time to keep Chapter 12 in place for farmers who may need to reorganize farm debt in the coming months," said Sen. Chuck Grassley, R-Iowa.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.