family farmer

family farmer
family farm·er n: an individual or business entity whose debts and income arise primarily from a family owned and operated farming operation as set out in the Bankruptcy Code see also bankruptcy code in the important laws section
◇ Only a person who qualifies as a family farmer with a regular annual income under the Bankruptcy Code may file for bankruptcy under chapter 12, although a family farmer may also have the option of filing under chapter 7 or chapter 13.

Merriam-Webster’s Dictionary of Law. . 1996.

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  • family farmer — Under Title 11 U.S.C. Section 101: (18) The term family farmer means (A) individual or individual and spouse engaged in a farming operation whose aggregate debts do not exceed $3,237,000 and not less than 50 percent of whose aggregate… …   Glossary of Bankruptcy

  • family farmer with regular annual income — (19) The term family farmer with regular annual income means family farmer whose annual income is sufficiently stable and regular to enable such family farmer to make payments under a plan under chapter 12 of this title. United Glossary of… …   Glossary of Bankruptcy

  • family farmer bankruptcy — (Chapter 12) Chapter 12 of the Bankruptcy Code provides special debt repayment relief for a family farmer with regular income whose annual income is sufficiently stable and regular to enable such farmer to make payments under a plan as provided… …   Black's law dictionary

  • family farmer bankruptcy — (Chapter 12) Chapter 12 of the Bankruptcy Code provides special debt repayment relief for a family farmer with regular income whose annual income is sufficiently stable and regular to enable such farmer to make payments under a plan as provided… …   Black's law dictionary

  • Family farm — Family farm, Wisconsin. A family farm is a farm owned and operated by a family,[1] and often passed down from generation to generation. It is the basic unit of the mostly agricultural economy of much of human history and continues to be so in… …   Wikipedia

  • farmer — Under Title 11 U.S.C. Section 101: (20) The term farmer means (except when such term appears in the term family farmer ) person that received more than 80 percent of such person s gross income during the taxable year of such person immediately… …   Glossary of Bankruptcy

  • farmer — A cultivator; a husbandman; an agriculturist; one engaged in agricultural pursuits as a livelihood or business, Skinner v. Dingwell, C.C.A.Iowa, 134 F.2d 391, 393; one engaged in dairy farming and in production of poultry or livestock, Leonard v …   Black's law dictionary

  • farmer bankruptcy — See bankruptcy proceedings (family farmer bankruptcy) …   Black's law dictionary

  • farmer — A cultivator; a husbandman; an agriculturist; one engaged in agricultural pursuits as a livelihood or business, Skinner v. Dingwell, C.C.A.Iowa, 134 F.2d 391, 393; one engaged in dairy farming and in production of poultry or livestock, Leonard v …   Black's law dictionary

  • farmer bankruptcy — See bankruptcy proceedings (family farmer bankruptcy) …   Black's law dictionary

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