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:

Tongue Fu

1. An over zealous act of cunnilingus which leaves the victim's privates feeling as if she's just gone 5 rounds with jackie chan...

Cornbrick

1. A state of being in which one has attained a certain status amongst his friends. Left unsaid ,however, is that this status is of a higer..

Roneage

1. Roneage is a word i made up. Defined from the "rone" in testosterone, its when a male/female has alot of testosterone, is acti..

Best StartPage for your browser.

All you need for a faster workflow in one place.

Get it for Free