Famous Quotes & Sayings

Bankruptcy aside, we're always looking to get more out of the space we own and lease. With respect to the bankruptcy, it's premature to say what changes it might entail with respect to our real-estate portfolio.

Bankrupt companies are entitled to due process. But they can't use bankruptcy to skirt the process by which they're held accountable to regulatory bodies, particularly when there might be criminal conduct involved.

Northwest is still obligated to negotiate with us. We can file motions at bankruptcy hearings. We're still in the mix; that's what this says.

These losses emphasize the need for the urgency with which we have to pursue route network and revenue improvements and the use of the bankruptcy process to reduce the cost and complexity of our business.

The system was academically and financially bankrupt before the storm. We think there were a lot of good teachers and administrators working in the system, but there was just a lot of mismanagement.

I share your commitment to conducting a thorough investigation of what, until recently, was the largest bankruptcy filing in our nation's history, ... In light of recent news reports and testimony at this week's Permanent Subcommittee on Investigations hearing on the role of financial institutions in the collapse of Enron Corporation, I believe these two individuals could provide the committee with information critical to our investigation.

Jimmy Swaggart

Evolution is a bankrupt speculative philosophy, not a scientific fact.

We're a company in bankruptcy and have been operating on borrowed money.

Credit card companies, credit unions, many retailers, as well as the American people, have lobbied for bankruptcy reform for years.

Bondholders need more details, but anything that would prevent a bankruptcy certainly would be a positive. It's hard to make this situation more complex than it is.

Bottom line? Unless you're a bankruptcy attorney, this isn't going to mean a thing to you.

While there are people for whom this is an easy ride, for the vast majority, bankruptcy is not an easy ride.

At this point, it is incumbent upon Northwest management to not squander our significant sacrifices, but to intelligently pursue a course that enables us to emerge from bankruptcy as a proud and profitable airline.

Congress got bankruptcy reform wrong, dead wrong. The federal bankruptcy law changes ... are doing no measurable good whatsoever. They've done nothing more than put new hurdles in the path of people who are already flat on their back.

We didn't oppose the motion to void the stock options because they were worthless once management forced the company into bankruptcy anyway.

We're discussing with various parties, including the U.S. trustee in the bankruptcy case, the best way to proceed. We will hopefully come to some conclusions in due course.

Robert Manne

The pressure is hardly off. It's just as much pressure as it has been, it's just without the albatross of bankruptcy hanging over it.

nothing in the bankruptcy code requires companies to skip their pension funding payments.

People wait until the last minute to go to the bankruptcy lawyer's office because they don't want to be in the bankruptcy lawyer's office. We're hoping that people recognize that bankruptcy is still an option for them, and that if their home is at stake, that they need to get in earlier to get it done.

Moody's chairman, Clifford Alexander, was on the board of WorldCom up until last year, ... The biggest bankruptcy in U.S. history, and the chairman of Moody's was on the board. There's no way that should happen. He also shouldn't be on the board of the National Association of Securities Dealers. They're supposed to be independent.

If someone in Katrina is down and out, and has no possibility of being able to repay 40 percent or more of their debts, then the new bankruptcy law doesn't apply,

If we don't have the CAP program, then I'm going to the bankruptcy court. It would be the dissolution of the agency.

Jerry Weller

Restrict bankruptcy rules.

Michael Ward

I don't think it gets them out of their obligations. They have to find solutions and I do not believe bankruptcy is an option.

My initial reaction is no, it will not bankrupt the companies. Florida passed a law that if companies have to post a bond to pay huge punitive damages, it's capped. But that law has not been tested.

I think they are morally bankrupt to do this to their customers and to their passengers.

I think there's a violation of the bankruptcy code. This court should direct those funds be returned to RCM immediately. This seems like a no-brainer.

We continue to believe that a bankruptcy filing is a low probability outcome and that the company will successfully negotiate a new bank agreement.

Wolfgang Schauble

I think there will be no government bankruptcy in Greece.

Elizabeth Warren

Other countries around the world make employees and retirees first in the priority. For example, in Mexico, the bankruptcy laws say if a company wants to go bankrupt... obligations to employees and retirees will have a first priority. That has an effect on every negotiation that takes place with every company in Mexico.

Elizabeth Warren

Bankruptcy exposes the economic vulnerability and insecurity of middle class women.

Elizabeth Warren

Bankruptcy is about financial death and financial rebirth. Bankruptcy is the great American story rewritten. We're a nation of debtors.

We know that we will have to make sacrifices but we're hoping the bankruptcy judge will perceive what a disproportionate sacrifice Delta is trying to wring from this group of working women -- most of them mothers who help support families.