Bankr. No.:
01-41423
Chapter:
11
Date of Decision:
November 5, 2002
Issue:
Whether Debtors were farmers as defined by § 101(20) so as to preclude conversion of their Chapter 11 case to a Chapter 7 case pursuant to § 1112(c)?
Ruling:
Debtors were not farmers as defined by § 101(20) so their Chapter 11 case was converted to Chapter 7. They did not meet the requirement of § 101(20) that 80% of their gross income in the year preceding their petition come from their farm.
Full Bankruptcy Court Decision: