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.
A sentence in the long lost language of the Chingy Bongy tribe. I reads "I love Kristen Kreme more than anything in the world"..
1.
Used by Stephen Colbert in his hit television show The Colbert Report. Refers to the increasing tendency of parents to medicate their c..
1.
when someone is not able to express a sentence correctly for various reasons.
After the sixth beer I became more and more unsentenceble..
