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Simple English definitions for legal terms

family-farmer bankruptcy

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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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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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