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:

Eaveswatching

1. intr.v., -dropped, -drop·ping, -drops. To watch secretly to the private viewings of others. I was eaveswatching my coworker looking at..

Yagh

1. The area between a females legs. A destination point for all males seeking self actualization She had a nice yagh. God damn i want some..

Scorcese

1. A sexual act involving placing your testicals on someones back. Usually over the clothes. Whilst exclaiming "SKROW!" Betty ..

Best StartPage for your browser.

All you need for a faster workflow in one place.

Get it for Free