Famous Quotes & Sayings

Kmart went into bankruptcy a cadaver and it'll come out of it a cadaver,

Katrina will be a significant test of how flexible our bankruptcy rules are. Banks have a lot of experience dealing with debtors in difficulty because of natural disasters. The first focus will be on making sure people can meet their immediate financial needs.

Alice White

Going into Chapter 11 is expensive. The feeling is once they get out of the bankruptcy and get some of the costs of the bankruptcy paid, they'll be able to build up their portfolio and make real money.

It certainly is signaling there is financial stress on Northwest. It's telling everyone they may now be looking at bankruptcy as a strong option.

I think that's a big issue that a bankruptcy court is going to have to confront. What's the ongoing responsibility of the company and what's the legal liability in the contracts.

The purveyors of state bankruptcy are at it again. This isn't a plan. This is a joke.

J. C. Watts

If your credit report shows that you had six or more inquiries in the last 12 months that you triggered, you are eight times more likely to go bankrupt than somebody without any inquiries.

Edmund White

In the 1970s in New York, everyone slept till noon. It was a grungy, dangerous, bankrupt city without normal services most of the time. The garbage piled up and stank during long strikes by the sanitation workers. A major blackout led to days and days of looting. The city seemed either frightening or risible to the rest of the nation.

His cabinet is utterly bankrupt -- financially and intellectually, ... blackmail and pressure.

I really would be surprised if they filed. The part of the equation that is missing in a typical bankruptcy situation is that vendors are not clamping down on them. Vendors are not limiting the distribution of merchandise.

I made my money turning around distressed or bankrupt companies. I did 50-some of them in my career... I started on a shoestring and eventually built up quite a fortune.

The cost will be borne by the bankruptcy estate. It is not completely clear how broad the scope will be. All of these administrative expenses must be paid at the time the repayment plan is implemented. That is a big deal.

The company could be sold, but a buyer would only do that with a bankruptcy filing,

The impact of the change in bankruptcy laws and changes in our practices for overdraft charge-offs and over-limit credit card fees reduced pretax results by about $320 million. In addition, we had a weak trading quarter that was well under our performance in recent quarters. The bankruptcy issue will not recur and should actually benefit us going forward as we expect a reduced level of bankruptcy filings under the new law.

The union's proposal was intended merely to preserve a status quo that promises escalating ticket prices, competitive imbalance, bankrupt franchises, hundreds of millions in team losses and 20 teams losing money - all of which imperil the future of our game,

The UAW has a lot of incentive to negotiate concessions out of court, given the lesser influence it would have in a bankruptcy scenario.

And I think we as a people need to stop being disingenuous about what the Constitution provides for. It does not provide for this all-encompassing power that we've seen exercised over the last several decades. It's what's gotten us into this bankrupt position.

Steve Bartlett

This is not about bankruptcy attorneys, it?s about consumers, ... This has had huge bipartisan support over three years.

Ben Shapiro

It was always foolhardy for Republicans and conservatives to stake their objections to Obamacare on the number of sign-ups; Social Security is going bankrupt despite 100% enrollment. The reality is that Obama was always destined to hit his required numbers because, after all, he has the power of government to compel action.

The biggest rumor I always had to fight in marketing, was that they're going under or going bankrupt or whatever, and that's never been the case.

The biggest economic danger of the next 50 years is the coming crisis in entitlement spending. The problem is the entire health care system is in crisis. The entire U.S. health care system needs to be overhauled. If not, it will literally bankrupt the federal government.

The banks are saying that we expect bankruptcy law-related losses will subside because of the rush to file. But the undertone of credit quality is worsening.

The bankruptcy threat is real. As you know, we have been preaching for two years now about Northwest's financial troubles.

Jamie Dimon

The bankruptcy surge in 2005 will give us a benefit.

The bankruptcy issue is a one-time situation. Commercial and industrial loan growth was fairly strong and should be the key driver of earnings growth this year for the regional banks.

The bankruptcy filing and other stock stories are weighing on us a little, and you've got the Federal Reserve meeting and the CEOs signing off on the books hanging over us, but mostly you're seeing stocks a little skittishness after four days of gains last week.

The numbers tell the story. Year to date in 2005, the company's operating earnings improved by over $450 million, despite fuel costs that are $1.3 billion higher than last year. When United exits bankruptcy in February 2006, we will be ready to compete aggressively with the best carriers in a way that is distinctly United.

It's common in a bankruptcy to have these charges -- you're cleaning house.

It's clear that the Delphi bankruptcy really precipitated a sense of urgency,

It's a matter of time before GM files for bankruptcy if these issues aren't addressed.

Bethany McLean

It was actually in retrospect a pretty meek story. It didn't say that the company is a fraud and going to go bankrupt in nine months. In fact, if you had said to me at the time that Enron is going to go under, I'd have said, 'Are you kidding?' It just didn't quite make sense. In retrospect I fault myself for not questioning it more than I did.

They want to fine the union into bankruptcy and put our leaders in jail.

They'll up the ante because they now have the bankruptcy judge behind them.