family fisherman
- 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
- The Bankruptcy Court considered the debtor's claim as a family fisherman to apply for Chapter 12 bankruptcy.
- As a family fisherman, she was able to restructure her business debts under certain provisions of the Bankruptcy Code.
- 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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