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LAWDOG® Bankruptcy

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LAWDOG BANKRUPTCY DICTIONARY

Farmer


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Under 11 U.S.C. Section 101, the term:

(20) ''farmer'' means (except when such term appears in the term ''family farmer'') person that received more than 80 percent of such person's gross income during the taxable year of such person immediately preceding the taxable year of such person during which the case under this title concerning such person was commenced from a farming operation owned or operated by such person;



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