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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.
by Seanoooog September 17, 2008

Words related to Section 12 bankruptcy

1929 crisis dustbowl monopoly money wall street who's next?