family farmer with regular annual income

family farmer with regular annual income
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 Bankruptcy Terms 2012.


Glossary of Bankruptcy.

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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 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 — 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

  • 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

  • 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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  • United States — a republic in the N Western Hemisphere comprising 48 conterminous states, the District of Columbia, and Alaska in North America, and Hawaii in the N Pacific. 267,954,767; conterminous United States, 3,022,387 sq. mi. (7,827,982 sq. km); with… …   Universalium

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