Even if you feel like your debt is just never going to go away, think long and hard before declaring bankruptcy. Declaring bankruptcy means that getting a loan for anything will be next to impossible for the next 10 years.
If lenders are forced to scale back student lending because private student loans are subject to bankruptcy discharge, many students will be denied access to higher education.
If your startup is only in the development or idea stage, there is almost no better predictor of failure – I mean, utter failure, scorched-earth bankruptcy – than raising too much money in the first round.
Bankruptcy represents a longstanding commitment in this country to helping people get a fresh start. This principle has never been giving only certain people a fresh start.
The Orderly Liquidation Authority prescribed by Dodd-Frank should be repealed and replaced by an amendment to the U.S. Bankruptcy Code which would operate to prevent cross-default provisions from impacting derivatives books so long as mark-to-market payments are being made in a timely fashion.
Bipartisanship has taken us to the brink of bankruptcy. We don’t need bipartisanship, we need application of principle… Where was the call for bipartisanship during the Obamacare debate? Not a single Republican voted for it. It wasn’t about bipartisanship, it was about having the votes to dictate your will.
I think there will be no government bankruptcy in Greece.
When there were fears about the future of this nation’s older cities… when a few of the cities teetered on the brink of bankruptcy, all eyes were focused on Chicago for contrast.
High bankruptcy rates, increased credit card debt, and identity theft make it imperative that all of us take an active role in providing financial and economic education during all stages of one’s life.
The moral and constitutional obligations of our representatives in Washington are to protect our liberty, not coddle the world, precipitating no-win wars, while bringing bankruptcy and economic turmoil to our people.
As I think through the issue of funding the rebuilding of Iraq, I think about the analogy of a bankruptcy proceeding. There is no doubt that Iraq as a country is bankrupt.
So that this thing that aired in 1963 would result a few years later in personal bankruptcy, would result in having people be on edge with me, wondering when I’m going to blow up.
A very difficult year is ahead of us. We must continue our efforts with decisiveness, to stay in the euro, to make sure we do not waste the sacrifices and do not turn the crisis into an uncontrolled and disastrous bankruptcy.
However, the economics of our business continued to deteriorate. We barely escaped bankruptcy a year ago, and in the aftermath of that escape we had to make some even tougher decisions.
Know what happens when an individual declares bankruptcy and how it affects his or her life.
The women who file for bankruptcy played by all the rules, but they are still in economic freefall.
Five thousand people every day lose their home because of a medical bankruptcy. Most of them had insurance.
Socialism is the gradual and less violent form of communism, and socialist is the project of the European Union, which was born in Maastricht in 1992. The intent was to save socialism in Europe after the fall of the Berlin Wall and the predictable bankruptcy of the welfare state in the West as well.
Generally speaking, companies get into bankruptcy as a kind of meritocracy. Somebody made some sort of big mistake, to get into bankruptcy, and very often, a part of the mistake is too much leverage.
In this most powerful nation in the world, lack of access to health care should not force local and state governments, companies and workers into bankruptcy, while causing unnecessary illness and hospitalization.
There are lots of businesses that are well in excess of $9 billion that have gone into bankruptcy, that have been mismanaged. And that has not served anyone very well.
We don’t have the necessary laws or powers to deal with failing non-bank institutions. If they’re a big bank, the depositor has deposit insurance, and the regulators can wind them down without throwing them into bankruptcy.
Capitalism without bankruptcy is like Christianity without hell.
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