What is Section 12 Bankruptcy?
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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:
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someone who feels the need to have a string of plans made with people one after the other, usually on weekends or vacations.
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Doing large amounts of heroin while playing in a grunge band then committing suicide.
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