family farmer bankruptcy

family farmer 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 under this Chapter.

Black's law dictionary. . 1990.

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  • 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 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 — 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

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

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

  • 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… …   Law dictionary

  • Chapter 12 (farmer) bankruptcy — See bankruptcy proceedings (family farmer bankruptcy) …   Black's law dictionary

  • Chapter 12 (farmer) bankruptcy — See bankruptcy proceedings (family farmer bankruptcy) …   Black's law dictionary

  • 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

  • bankruptcy proceedings — General term for the various types of proceedings under the Bankruptcy Code (11 U.S.C.A.) that are initiated either by an insolvent individual or business (termed a voluntary bankruptcy) or by creditors (termed an involuntary bankruptcy) seeking… …   Black's law dictionary

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