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. someone who feels the need to have a string of plans made with people one after the other, usually on weekends or vacations. rob: tonig..
1. A boy who headbutts flying balls of shit. Rik: "Dan headed a poo ball" Tommy C: "Rolo boy!"..
1. Doing large amounts of heroin while playing in a grunge band then committing suicide. Bill:You hear what Bob did? Greg: Yeah he totall..