Quotes About Bankruptcy

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.

When a company gets into trouble, it should basically have to be resolved, in other words, stockholders lose their money, unsecured bondholders lose their money.

Don't you miss the days when America was just MORALLY bankrupt?

The Enron scandal is worthy of the highest level of scrutiny, both because of the enormity of the crimes that may have been committed and because of what the largest bankruptcy in American history has already begun to reveal about the weaknesses in our nation's corporate structures and regulatory oversight.

Even if the government spends itself into bankruptcy and the economy still does not recover, Keynesians can always say that it would have worked if only the government had spent more.

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.

This program that the Republican majority has taken us toward as a country is leading us to fiscal bankruptcy.

Every city and town in America would be bankrupt if they kept their books the way private-sector companies keep their books - because of the obligation cities and towns have taken upon themselves to provide health care for their retirees.

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.

In most industries, a bad business goes bankrupt, but soccer clubs almost never do. No matter how much money they waste, someone will always bail them out. This is what is known in finance as "moral hazard": when you know you will be saved no matter how much money you lose, you are free to lose money.

When Republicans say they want to run government 'like a business,' they apparently mean 'run government like a Trump casino headed straight for bankruptcy court.'

Fractional reserve banks are sitting ducks and are always subject to contraction. When the banks' state of inherent bankruptcy is discovered, for example, people will tend to cash in their deposits, and the contractionary, deflationary pressure could be severe.

You're becoming more and more deeply in debt to yourself, and you are already bankrupt. You look at yourself too much. That's the beginning of all absurdity. Look about you. The world is an interesting place.

Countries change, of course, and it is still the same country, in a way, resembling a McCarthy America, except that McCarthy's America was not in debt. This is a bankrupt America, bankrupted partly by its suspicions and overspending on the military and over-reliance on consumerism.

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.

To live upon credit, which is the same as exhausting the future, is certainly a present means of reconciling them: an attempt is made to do a little good now, at the expense of a great deal of harm in future. But such proceedings call forth the specter of bankruptcy, which puts an end to credit. What is to be done then?

Subject to a kind of disease, which at that time they called lack of money.

I read somewhere that it's called American roulette. It was invented in America, in the goldfields. You put a single shot in the cylinder, give it a twirl, and then—bang! If you're lucky you break the bank; if not, then it's good-bye

The dearth of business activity on the traditional day of rest makes Sunday an ideal time to declare insolvency. Bankruptcy petitions are time-stamped to the minute, instantly dividing a failed company's dealings into pre-bankruptcy transactions and post-bankruptcy transactions.

Wall Street investment banks are like Las Vegas casinos: They set the odds. The customer who plays zero-sum games against them may win from time to time but never systematically, and never so spectacularly that he bankrupts the casino.

The problem wasn't that Lehman Brothers had been allowed to fail. The problem was that Lehman Brothers had been allowed to succeed.

At the top of Charlie Ledley's list of concerns, after Cornwall Capital had laid its bets against subprime loans, was that the powers that be might step in at any time to prevent individual American subprime mortgage borrowers from failing. The powers that be never did that, of course. Instead they stepped in to prevent the failure of the big Wall Street firms that had contrived to bankrupt themselves by making a lot of dumb bets on subprime borrowers. After

He explained that the rating agencies were morally bankrupt and living in fear of becoming actually bankrupt.

We kept saying, 'These banks are out of business.' But the government kept saving the banks," he said. "And right in the midst of this Iceland went broke.