Section 12 Bankruptcy

What is Section 12 Bankruptcy?

1.

As opposed to Section 11, if you file for Section 12 bankrupcy, and you're successful, it means the Fed will bail you out.

AIG were succesful in their bid for Section 12 Bankruptcy, whereas Lehmann Bros were allowed to go under.

See crisis, wall street, dustbowl, monopoly money

33

Random Words:

Frangle

1. a suffix innit. to be added to the end of a random noun in order to question ones humour or otherwise. oh jebturret, youre such a manfr..

Gas City

1. Teen pregnancy-infested shithole with absolutely no purpose other than to be over-populated.Small town with lots of wannabe rednecks, fa..

Head Is To Big For Their Body

1. When a girl or guys head is to big for their body. Wow that persons head is to big for their body! See big head, small body, head, big..

Best StartPage for your browser.

All you need for a faster workflow in one place.

Get it for Free