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A judge is a law student who marks his own examination papers.
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Legal Definitions - family farmer
If the law is on your side, pound the law. If the facts are on your side, pound the facts. If neither the law nor the facts are on your side, pound the table.
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Definition of family farmer
A family farmer is a person who is engaged in the business of farming and whose income and debts primarily arise from a family-owned and operated farm. This means that the majority of their income comes from the farm they own and operate with their family.
For example, if a person owns a farm and makes most of their income from selling crops or livestock, they would be considered a family farmer. Another example would be a family who owns a dairy farm and sells milk and cheese as their primary source of income.
It's important to note that only a family farmer can file for Chapter 12 bankruptcy. This type of bankruptcy is specifically designed for family farmers who need to restructure their debts and continue operating their farm.
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Simple Definition
A family farmer is someone who makes a living by farming. They may own and operate a farm with their family. If more than 80% of their income comes from the farm, they can file for a special type of bankruptcy called Chapter 12. Only family farmers can file for Chapter 12 bankruptcy.
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