Quotes About Bankruptcy

Another recent event is the almost-instant bankruptcy, in 1998, of a financial investment company (hedge fund) called Long-Term Capital Management (LTCM), which used the methods and risk expertise of two "Nobel economists," who were called "geniuses" but were in fact using phony, bell curve–style mathematics while managing to convince themselves that it was great science and thus turning the entire financial establishment into suckers.

The child is demanding maintenance payments from me, backdated nearly twenty years, on the grounds that the undead are jointly and severally liable for debts run up by their incarnations. It's a legal precedent established to prevent people from committing suicide temporarily as a way to avoid bankruptcy.

More specifically, there was no orderly process for allowing a handful of giant troubled firms to go bankrupt in a way that would not cause the rest of the system to unravel (e.g., Fannie Mae, Freddie Mac, AIG).

The idiots take over in the final days of crumbling civilizations. Idiot generals wage endless, unwinnable wars that bankrupt the nation. Idiot economists call for reducing taxes for corporation and the rich and cutting social service programs for the poor. They project economic growth on the basis of myth.

I was declared bankrupt a few years ago, which really made me grow up and look in the mirror, face myself, and find strength.

Bankruptcy is a legal proceeding in which you put your money in your pants pocket and give your coat to your creditors.

De una cosa podemos estar seguros, muchacho, este alivio temporal de los impuestos acabará en impuestos mayores y en un colapso final. Se trata puramente de un asunto de contabilidad. ¿Pero es que a la gente le importa el presupuesto y la dura realidad de que uno no puede gastar lo que no tiene sin ir a parar a la bancarrota? ¡No! Gritarán "¡viva!" al tirano Cinna, pensando en la ganancia inmediata a expensas de la nación.*

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.

Chapter 11 is an expensive process that does not accommodate the special needs of farmers.

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

Fear of competition, fear of bankruptcy, fear of being wrong and fear of losing can all be powerful motivators.

Anyone interested in mortgaging their house and getting stripped of their bank accounts can invest in share market these days. Everyday a new low level is being achieved and with that investors are turning paupers poorer. Across India these investors housing properties are up for sale at throwaway prices

Bankruptcy stared me in the face, but one thought kept me calm; soon I'd be too poor to need an anti-theft alarm.

Bankruptcy—a peculiar institution that enabled an individual, who had failed in competitive industry, to forego paying his debts. The effect was to ameliorate the too savage conditions of the fang-and-claw social struggle.

If the company doesn't hit its forecasts, cash is tied up in inventory. Cash is like blood or oxygen; without it, you die. And growth eats cash. This is why roughly half of all bankruptcies occur after a year of record sales.

When I went into GM there was a lack of morale. The company had gone bankrupt and the people who worked there were embarrassed. Underneath all of, though, there was a will to show what they were capable of, but nobody knew exactly what to do.

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.

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.

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

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

Most unfortunately, Enron's plunge into bankruptcy court also cost many of its rank-and-file employees their savings.

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.

In America," I said, "if you can't pay back a loan, you declare bankruptcy and that's the end of it.

It is true that work can expand to fill the time allotted but it can expand far beyond that. It can expand beyond the life of the organization and the company can go bankrupt, a government can fall, a civilization can crumble into barbarism, while the incompetents work on.