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:

1. when you slip down the stairs and hit your ass on every step down. man i was so messed up last night i slipped runnin down my steps and..
1. alone, shunned, in total disrigard In my many years of schooling labled unpopuler by the jocks and the cheerleaders. Heck ,even the che..
1. Being thoroughly drunk. Man was he ever piflicated last night...