family farmer or family fisherman

Definition of "family farmer or family fisherman"
  1. 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
How to use "family farmer or family fisherman" in a sentence
  1. After struggling with debt for years, the family farmer finally decided to file for Chapter 12.
  2. The fishing cooperative, acting as a family fisherman, filed a Chapter 12 petition to restructure their debts.
  3. The family farmer, overwhelmed by the mounting debt, sought legal advice for filing under Chapter 12.

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