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:

Ambergris

1. A yellow, gray, or black waxy material formed in the intestines of sperm whales that consists of a mixture of steroid derivatives. It is..

Dot Not Feathers

1. Dot Not Feathers is a description that differentiates between the two "Indian" possibilities. "Dot" refers to the In..

Jimmy Hendrix

1. classic rock posers that think jimi hendrix's first name is spelled jimmy Poser: dude i love jimmy hendrix person 2: dude his nam..