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:

Lmp2

1. laughing me poes to, a south african chatroom acronym used in a similar manner as lmao john: I just took the biggest crap of my life! ..

Tanktrap

1. An excessively large vagina. A vagina that fails to be snug no matter the size of the cock. This is not necessarily caused by excessive..

Sasqui

1. Multiple bigfoot/sasquatch. they found a "family of sasqui" in the north Georgia mountains See bigfoot, sasquatch, sasqui, y..

Best StartPage for your browser.

All you need for a faster workflow in one place.

Get it for Free