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 October 31, 2008
Get the Section 12 bankruptcy mug.Code amongst male homosexuals indicating a particular type of activity that will take place once the two individuals meet up. In this case, reciprocal penis/anus penetration.
Hey bro, when you get here, come to section 127 and after you do me up my butt I’ll do you up yours.
by BobbyInTheKnow July 30, 2022
Get the Come to section 127 mug.A small yellow plastic briefcase with 12 round bumps in each side, which can be used to carry and protect up to 12 eggs, assuming these eggs are from your average chicken and not a big ol' ostrich or fat pterodactyl. Also doubles as a surprisingly effective head and/or back massaging device. However, it is recommended that no eggs are inside the 12 Section Egg Protector while a massage is taking place, as this can result in a bad case of 'eggy back', or even 'eggy head'.
Joseph: 'Oh no, I lost my 12 Section Egg Protector when I had 16 pints yesterday and wound up on the kitchen floor shouting "fuck the flamin drongo system bollocks I like Mark!"'
Richard: "You dozy bell-end, how am I going to protect my eggs on the way back from the butcher's tomorrow morning now?! Thanks."
Richard: "You dozy bell-end, how am I going to protect my eggs on the way back from the butcher's tomorrow morning now?! Thanks."
by gis gump February 23, 2011
Get the 12 Section Egg Protector mug.Manager: I need to see you in the conference room now. The agenda today is Blue Section, Row 15. An HR representative will NOT be there.
Concierge: The Producer's Circle seating for Cirque du Soleil is all sold out, but I've arrange to get you limited access to Blue Section, Row 15. I suggest you wear goggles and a respirator.
Travel agent: Oh, that flight is all booked up. I can put you on standby in the blue section, row 15. It's pretty cramped there, and there's a slight odor, but you will be served complimentary meatflaps.
Concierge: The Producer's Circle seating for Cirque du Soleil is all sold out, but I've arrange to get you limited access to Blue Section, Row 15. I suggest you wear goggles and a respirator.
Travel agent: Oh, that flight is all booked up. I can put you on standby in the blue section, row 15. It's pretty cramped there, and there's a slight odor, but you will be served complimentary meatflaps.
by lallisabrumaniamamanamanamam November 10, 2010
Get the Blue Section, Row 15 mug.