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:

Newsac

1. like its counterpart, musac, newsac is the continuous repetition of the news without any longer being new. For example, newsac is cable..

Grinstead

1. Grinstead people are POOR people who watch nascar and come from POOR family's. They call other people grienstead's to hide the..

Lgn

1. a TotalFark acronym standing for Link Goes Nowhere. Usually used to start a thread that is not based on a link. What's your catch..

Best StartPage for your browser.

All you need for a faster workflow in one place.

Get it for Free