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
Random Words:
1.
Something that is extremely ghetto or janky. Can be an article of clothing, something that has been nigger-rigged, or any other object ..
1.
When a someone's scrotum is cut off and placed/pierced in their nose.
Billy got caught drinking, his mom was so mad that she gave ..
1.
An unfortunate and potentially traumatic experience which occurs when a heterosexual male is masturbating to a porno flick, and notices ..
