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:

W.a.b

1. Stands for what a bitch. If it is early in the morning and one person thinks it would be funny if they were really loud and annoying wh..

Lenonade

1. combination from the name of a person with lemonade. Lenon + Lemonade= Lenonade fresh + steezy= bomb See lemonade, fresh, bomb, steez..

Kabouche

1. –verb (used with object) -pronounced: Ka-boo-sh. To wish evil upon someone or something. To hex, bewitch, spell, bedevil or curse. M..

Best StartPage for your browser.

All you need for a faster workflow in one place.

Get it for Free