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.
An effeminate homosexual male; a fairy.
"Grow a pair of balls you twinkle toes cocksucker."
See Joe Smith
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Fred Flintsto..
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When the optic nerve in your eye begins to grow and won't stop. It grows and gets longer until it connects with your rectum this gi..
