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The Family Farmer Bankruptcy Clarification Act reiterates Congress earlier action to enable bankrupt family farmers reorganizing their debts to treat capital gains taxes owed to a governmental unit, arising from the sale of farm assets during a bankruptcy, as general unsecured claims.
By reorganizing treasury into a value-added financial center for EDS and obtaining more visibility for the department, Krenz has realized a twofold payoff whose benefits should only continue to increase.