Quotes about bankruptcy
bankruptcy
Kmart went into bankruptcy a cadaver and it'll come out of it a cadaver,
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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.
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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. Alice White
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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.
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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.
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The purveyors of state bankruptcy are at it again. This isn't a plan. This is a joke.
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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.
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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.
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The company could be sold, but a buyer would only do that with a bankruptcy filing,
bankruptcy benefit card change changes credit expect forward impact issue laws level performance practices quarter recent recur reduced results trading weak
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.
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The UAW has a lot of incentive to negotiate concessions out of court, given the lesser influence it would have in a bankruptcy scenario.
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This is not about bankruptcy attorneys, it?s about consumers, ... This has had huge bipartisan support over three years. Steve Bartlett
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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.
bankruptcy financial preaching threat
The bankruptcy threat is real. As you know, we have been preaching for two years now about Northwest's financial troubles.
bankruptcy
The bankruptcy surge in 2005 will give us a benefit. Jamie Dimon
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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.
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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.
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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.
bankruptcy charges cleaning common
It's common in a bankruptcy to have these charges -- you're cleaning house.
bankruptcy clear
It's clear that the Delphi bankruptcy really precipitated a sense of urgency,
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It's a matter of time before GM files for bankruptcy if these issues aren't addressed.
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They want to fine the union into bankruptcy and put our leaders in jail.
bankruptcy behind judge
They'll up the ante because they now have the bankruptcy judge behind them.
bankruptcy gotten response since
I've gotten a better response since the bankruptcy filings. Tom Price
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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, John Conyers
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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. Ken Salazar
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The last couple of days illustrate that there is a lot of work to do at this company and it's debatable whether it's actually doable outside bankruptcy court. I don't think it is.
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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.
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All the major airlines, Southwest excepted, will be in Chapter 11 bankruptcy sometime in the next five years, ... But for those already leaning on the edge, this makes it a very simple decision for them.
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A bankruptcy does not solve any business problem. It is an expensive process of buying time. It is my opinion that the court will grant Delphi as much time as it needs to resolve problems.
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A lot of companies that have not filed for bankruptcy may be close to a breaking point. The risks are very high right now.
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American has expressed views that United should have gone into bankruptcy with more cash available.
bankruptcy business hoped issues months though work
They filed for bankruptcy some months ago, so this is something that is not completely unexpected, though we had hoped they would be able to work through their business issues and keep going.