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:

Charners

1. A word for something that ends up in the sky. Particularly a soccer ball, as it rises above the crossbar after being struck. The word &..

Memeorgy

1. 1. a pun on the word memory as meme and the word orgy conjoined 2. the phenomenon of replacing most informational text with text which ..

Legan

1. lesbians! da biggest ledgends ever! lad1:dya tink dat buores up for a jump lad2: nah man shes a legan! lad1: evan better!! See lesbi..

Best StartPage for your browser.

All you need for a faster workflow in one place.

Get it for Free