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:

Old Bastard

1. Used to bring someone down look at that wrinkly old bastard 2. Someone who is past their time is often described as an "old bast..

W4nk3r

1. Wanker, tosser, dickhead etc used in internet speak or car rego plates. the 4 is an A and the 3 represents an E. pretty simple really..

Merki

1. A gayish, fussy way of saying "merci" in France these days which could eventually catch up in non French speaking countries - ..

Best StartPage for your browser.

All you need for a faster workflow in one place.

Get it for Free