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:

Apple Down

1. A way to tell someone that something's wrong, even if they don't know about it. Taken from season 5, episode 2 of Gilmore Girl..

Reachieve

1. a mix of the words reach and achieve... usually uttered by mistake when intoxicated who will help me reachieve my goal of shotgunning a..

Ondine

1. the left nipple of an obese man between the ages of 56 and 71. guy: wanna see my ondine? girl: ew, man, you are too old. See ondine, ..

Best StartPage for your browser.

All you need for a faster workflow in one place.

Get it for Free