family fisherman

Definition of "family fisherman"
  1. A person or business whose main source of debt and income comes from a commercial fishing operation that is family-owned and run, as designated by the Bankruptcy Code
How to use "family fisherman" in a sentence
  1. The Bankruptcy Court considered the debtor's claim as a family fisherman to apply for Chapter 12 bankruptcy.
  2. As a family fisherman, she was able to restructure her business debts under certain provisions of the Bankruptcy Code.
  3. The attorney advised his client to claim status as a family fisherman in order to benefit from more favorable bankruptcy options.

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