Famous Quotes & Sayings

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

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.

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.

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 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,

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.

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,

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.

Tom Price

I've gotten a better response since the bankruptcy filings.

Nominally, there is one executive for every eight federal employees, a ratio that would bankrupt many private industries.

John Conyers

We are concerned that just as survivors of Hurricane Katrina are beginning to rebuild their lives, the new bankruptcy law will result in a further and unintended financial whammy,

Ken Salazar

Everywhere I've gone in Colorado, the farmers are telling me they're about ready to go into bankruptcy because they can't borrow any more money, ... The money they're having to spend on fuel prices I think is going to put a number of our farmers over the brink.

The law has a one-size-fits-all approach, ... It treats people who have been hit by hurricanes in the same fashion as people who have ended up in bankruptcy from gambling or overspending or misusing the credit they were given.

American has expressed views that United should have gone into bankruptcy with more cash available.

Bankruptcy is not the end of the world. US Airways is in bankruptcy, and they fly every day.

Bankruptcy gets you a number of tools you can use to improve your financial situation, ... We don't think there are any more tools we can use.

Bankruptcy costs are expensive and necessary. That's something we said from the beginning.