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:

Frizzalicious

1. when your hair looks soo great and then you go outside in the humidity and it gets frizzy shiznitit took me three hours to straighten ..

Zubrowka

1. Zubrowka Bison is a uniquly flavoured vodka brand from Poland. It flavour comes from a wild herb called Hierochloe Odorata found in the ..

Kangla

1. "Kangla" originates in South Asia and is a slang term meaning 'to be broke' or 'out of cash'. It is speci..

Best StartPage for your browser.

All you need for a faster workflow in one place.

Get it for Free