Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

family-farmer bankruptcy

Read a random definition: inter alios

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

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
LSD+ is ad-free, with DMs, discounts, case briefs & more.