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Family farmer |
: 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 who qualifies as a family farmer with a regular annual income under the Bankruptcy Code may file for bankruptcy under chapter 12, although a family farmer may also have the option of filing under chapter 7 or chapter 13.
| Based on Merriam-Webster's Dictionary of Law ©2001. Merriam-Webster, Incorporated Published under license with Merriam-Webster, Incorporated. http://www.m-w.com |
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due process clause
a clause in a constitution prohibiting the government from depriving a person of life, liberty, or property without due process of law
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