family farmer or family fisherman
- An individual, couple, or business entity involved in farming or fishing activities who meet specific debt thresholds and other legal requirements needed for filing a Chapter 12 bankruptcy petition
- After struggling with debt for years, the family farmer finally decided to file for Chapter 12.
- The fishing cooperative, acting as a family fisherman, filed a Chapter 12 petition to restructure their debts.
- The family farmer, overwhelmed by the mounting debt, sought legal advice for filing under Chapter 12.