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:

Kwicherbichin

1. quit your bitchin you... kwicherbichin! See asshole..

Coudertmeiny

1. Being awesome; Letting the Good Times Roll "Suzy is so coudertmeiny, I wish I could be that awesome." See awesome, cool, swe..

Unpimp

1. Unpimp, someone who is un cool, un fashionable, just plan boring. You would have to have been living under a rock for 50 years to be tru..

Best StartPage for your browser.

All you need for a faster workflow in one place.

Get it for Free