family farmer

family farmer

A person or entity whose income and debts primarily arise from a family-owned and -operated farm; esp., person who received more than 80% of gross income from a farm in the taxable year immediately preceding a Chapter 12 filing.

? Only a family farmer can file for Chapter 12 bankruptcy. 11 USCA ¡ì 101(18). See CHAPTER12. [Cases: Bankruptcy 2229. C.J.S. Bankruptcy ¡ì 46.]


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Carl, Chinese legal translator, specializes in translating legal documents pertaining to complex business disputes.