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Simple English definitions for legal terms

family-farmer bankruptcy

Read a random definition: Department of the Interior

A quick definition of family-farmer bankruptcy:

Family-farmer bankruptcy refers to a type of bankruptcy that is available to farmers and fishermen who operate as a family business. This type of bankruptcy is also known as Chapter 12 bankruptcy. It allows family farmers to restructure their debts and keep their farms running, rather than having to sell off their assets to pay creditors.

A more thorough explanation:

FAMILY-FARMER BANKRUPTCY

Family-farmer bankruptcy is a type of bankruptcy that is available to family farmers or fishermen who are struggling financially. It is also known as Chapter 12 bankruptcy.

Example 1: John is a family farmer who has been struggling to make ends meet due to a drought that has affected his crops. He decides to file for family-farmer bankruptcy to restructure his debts and get back on track financially.

Example 2: Sarah is a fisherman who has been hit hard by a decline in fish prices. She decides to file for family-farmer bankruptcy to protect her assets and reorganize her debts.

Family-farmer bankruptcy is a legal option for family farmers or fishermen who are facing financial difficulties. It allows them to restructure their debts and protect their assets while continuing to operate their business. The examples illustrate how family-farmer bankruptcy can be used by farmers and fishermen who are struggling due to factors beyond their control, such as natural disasters or changes in market conditions.

family farmer | family home

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Dkk
18:50
Med law easy done
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
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i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
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