A major issue with farm bankruptcies, as with other bankruptcies, is how to handle the costs of bankruptcy. The fact that a farm or small business bankruptcy nearly always has non-business aspects as well as a business dimension adds to the complexity of the determination as to what is deductible.
"Expenses In Bankruptcy,"
Agricultural Law Digest: Vol. 11
, Article 1.
Available at: http://lib.dr.iastate.edu/aglawdigest/vol11/iss11/1