On Oct. 26, President Trump signed into law the bipartisan Family Farmer Bankruptcy Clarification Act of 2017. It was part of a larger bill, H.R. 2266, Additional Supplemental Appropriations for Disaster Relief Requirements Act of 2017. This act reverses the Supreme Court decision in Hall v. United States, 132 S. Ct. 1882 (2012), that declared tax attributable to the sale of farm property after a bankruptcy petition was filed was not part of the bankruptcy petition and accordingly had priority over the other debts that were included in the petition. That meant the capital gains tax on the sale of farm land, which would often be significant, would reduce the funds available to other creditors. The act now clarifies that a bankrupt family farmer who sells farm assets to generate funds to pay creditors can treat the tax attributable to that sale as a general unsecured claim in the bankruptcy proceedings. It is intended to assist struggling farmers with debts under $4,153,150 (indexed for inflation) by providing them with more options for reorganization through Chapter 12 bankruptcy.