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. A very good insult to use on someone, implying that you want them to ingest feces, and then commit suicide. Usually if the person has lo..
1. a great mp3/wma/wav player by Toshiba. it beats the shitty iPod by a longshot. it boasts a larger screen, that ROTATES, like PivotPro on..
1. The time period between 2000 and 2009, an unnamed decade, not a whole "New Millenium." "Zero" as in "things ca..