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 § 101(18). See CHAPTER12. [Cases: Bankruptcy 2229. C.J.S. Bankruptcy § 46.]

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词条贡献者

双语律师Howard，毕业于法国一流的高级翻译学院，擅长翻译各类与欧美消费者隐私法规相关的法律文件。