Top 75 Bankruptcy Quotes

The entire exhibitions industry in the United States of America has filed for bankruptcy.

If we didn’t have greed, market economies wouldn’t be as innovative as they are. But in my view, greed has to be contained by the fear of losses, so there has to be a system where, if you take too much risk, you go into bankruptcy. You don’t systematically bail out people who take excessive risks.

I can tell you that when you’re counting every penny, knowing that you are a single bad decision away from bankruptcy, you inevitably lose focus on what really matters for your business.

Unfortunately, we don’t have a bankruptcy process. Suppose the state actually just gets to the point where it cannot meet all of its promises that it’s made. We might need a way to figure out, O.K., well, who’s not going to get what they were promised? This is what we had to do for the city of Detroit.

During my last year of college, I maxed out what small available credit I had after declaring bankruptcy in my mid-20s to pay medical bills.

Liberty never had to file bankruptcy, thanks to God’s blessings, but we did go through tough times and painful debt restructuring in the 1990s.

Most women file for bankruptcy in the aftermath of a serious medical problem, a job loss, or a family break up. It is hard to protect against those.

In the 1970s, New York City avoided bankruptcy because wise political leaders like Gov. Hugh L. Carey believed both in strong labor unions and robust banks and companies.

The materialisation of reforms in the form of rollout of the GST, the institution of Indian Insolvency and Bankruptcy Code, and the abolition of the Foreign Investment Promotion Board should boost investor and investment confidence.

It is understandable that the Fed injects cash to avoid the collapse of the stock market, but basically it is bad policy for monetary authorities to intervene to save speculators from bankruptcy. This is not their role.

It has been falsely reported that I once filed for bankruptcy and – my personal favorite – that I deny the Trinity.

Undoubtedly, there are a number of well-developed, mainly female, stars helping Miss Taylor to hold the film industry together: Sophia Loren, Anita Ekberg, etc. But such an insistence on cheesecake smells of bankruptcy.

I had to escape the destruction of my father’s bankruptcy and all that difficulty.

There’s only one thing you can do in bankruptcy: break your word, break your deals. It allows you to say to the small businesses, who have been catering lunches for you, ‘Sorry, we’re not paying you.’ It allows you to go to the workers and say, ‘Sorry, we’re not paying you.’

I often say to entrepreneurs, ‘If Lehman Brothers were Lehman Brothers & Sisters, it wouldn’t have gone into bankruptcy.’

As a child, I seriously believed my family was going down the road to bankruptcy. I was denied virtually every popular trend, from heavily logoed Tommy Hilfiger windbreakers to amusement park season’s passes.

An expenditure of words without income of ideas will lead to intellectual bankruptcy.

I can’t think of another enterprise other than being a homeowner that can’t have its debt restructured in bankruptcy. Corporations can but a homeowner can’t? Now with securitization the homeowner can’t go to the owner of the loan and work things out.

Unemployment, foreclosures, bankruptcy – the cure is not more government spending, but helping businesses create jobs.

George W. Bush was a silver spoon dolt with no record to speak of other than bankruptcy and selling tropical plants, and we let him sail into the White House, but Barack talks about religious fundamentalism and guns being prevalent in poor areas, and we roast him for weeks?

The company, Tiffany Studios, ended up in bankruptcy in 1930 – early ’30s.

Greece’s debts are all denominated in euros, but it isn’t clear who holds how much of those debts. For that reason, the consequences of a national bankruptcy would be incalculable. Greece is just as systemically important as a major bank.

I was able to solve enough big problems along the way that the sheriff didn’t come along and put the ‘bankruptcy’ sign up.

As president of the International Brotherhood of Teamsters, I have seen private equity firms plunder company after company, taking rich fees for themselves and cutting costs until there’s nothing left to cut. Time and again I’ve seen their reckless behavior drive companies to declare bankruptcy.

They said it was impossible to touch the third rail of politics, to take on public-sector unions and to reform a pension and health benefits system that was headed to bankruptcy. But with bipartisan leadership, we saved taxpayers $132 billion dollars over 30 years and saved retirees their pensions. We did it.

To be honest, most of my troubles – bankruptcy, drinking, gambling – were self-inflicted.

I feel somewhat responsible for the Borders Books bankruptcy.

Bankruptcy, divorce, these are feathers in my cap, I suppose. I have a wisdom which has been born from these things.

Economic growth must be the central issue because it is only through growth that the devastating threat of national bankruptcy can be averted. Furthermore, it is only by reviving American economic growth that the West’s global predominance can be sustained, and peace and freedom kept secure around the world.

We ought to have a platform to plan to save Medicare from bankruptcy.

Disappointment is a sort of bankruptcy – the bankruptcy of a soul that expends too much in hope and expectation.

Excessive hype, bankruptcy, cash burning like autumn leaves – such is the stuff of short-selling.

This filing spike is a result of bad information being pushed on people, and then they file for bankruptcy out of fear.

We are continuing this policy in bleeding America to the point of bankruptcy. Allah willing, and nothing is too great for Allah.

You look at what happened with Chrysler, it went through that bankruptcy, and it’s re-emerged in a much different fashion, privately held in some of those things, and it’s really putting out a great product.

Donald Trump has no idea what a deal is. I mean, he’s a man who has filed for bankruptcy many times, so he doesn’t understand how to make any deals.

Our institutional framework needs to be bolstered further. We have to implement laws like the proposed Bankruptcy Code and GST (Goods and Services Tax), which will create efficiencies and strongly support the business environment.

A normal way that the American free market system has worked is that we have a process of unwinding. It’s called bankruptcy. It doesn’t mean, necessarily, that the industry is eclipsed or that it’s gone. Often times, the phoenix rises out of the ashes.

I became a professor myself, teaching bankruptcy and consumer protection. I conducted a national study of mortgage companies in bankruptcy. And what I found was that big banks routinely broke the law.

When I was at Marvel, they were in bankruptcy, which is hard to believe now with ‘Avengers 2’ out, but it was during the 1990s. It was a troubled place. Comic book sales were dropping. Work was scattered.

The Badals have grown richer while Punjab is on the verge of bankruptcy.

What is the harm of doing the right thing? What is the harm of doing our job as legislators and making sure we do not stick the entire bankruptcy community with these provisions that do not make any sense?

We added Medicare Part D to a system facing bankruptcy and gave no thought to means testing it.

The country – or the government – is headed for bankruptcy. So we’re going to be continuing to speak out against corporate welfare as something that hurts everybody except those direct beneficiaries.

It is a shame and the moral bankruptcy of the Congress that its leaders, who were at the forefront of the freedom struggle and fought against foreigners, should think of having a foreigner as the Prime Minister.

Generosity is a virtue, but unlimited generosity is a fast route to bankruptcy.

After watching Taro reach the brink of bankruptcy, seeing their shares delisted from trading, hearing endless false promises about receiving audited financial statements, and witnessing an unchecked drain of company resources, the shareholders have clearly had enough.

It is imperative that we make consumers more aware of the long-term effects of their financial decisions, particularly in managing their credit card debt, so that they can avoid financial pitfalls that may lead to bankruptcy.

By the time most people file for bankruptcy, their credit is already trashed, they have a high debt-to-income ratio – a key indicator lenders look at – and they’ve likely defaulted on more than a few accounts.

Nevada was hit hardest by the recession – highest unemployment, highest foreclosure rate, highest bankruptcy rate.

Phil Walden had complete faith in us, and I’ll respect him forever for that. I think he sunk about $150,000 in us. He was close to bankruptcy a lot of the time, and Atlantic kept telling him we didn’t have a chance.

The 2008 economic crisis and Great Recession forced widespread restructuring throughout the U.S. economy – not unlike a company gritting its teeth through a lifesaving bankruptcy.