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

0

Random Words:

Vacumm Dance

1. Getting road head in a lowered car while going down a bumpy road. The poor ride quality of the car will cause the blow job giver to suck..

Znozzy

1. An annoying motherfucker. Enough said. "Znozzy, you're an annoying motherfucker! Enough said." See znozzy, the brady bu..

Ilysdm

1. I Love You So Damn Much oh my god, ilysdm See love, ily, so, damn, much..

Best StartPage for your browser.

All you need for a faster workflow in one place.

Get it for Free