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
Random Words:
1.
noun: a gay man who diets. See queen.
Hell, I swear that lean cuisine queen's got anorexia
See gay, diet, food, queen..
1.
A holiday or birthday present that you get to open early.
PJ was allowed to open a Christmas utapatachi 2 days early.
See present, hol..
