Quotes About Bankruptcy

Where wealth is health, bankruptcy is death.

The assumption that Washington could and would resolve Lehman Brothers without a bankruptcy, as it had Bear Stearns, was the single biggest mistake in the series of mistakes in 2007 and 2008 that led to the financial panic and the ensuing epidemic of job losses.

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.

In 1958, my father invested everything he had in a business venture and became the largest automobile dealership in Chicago for Ford's new Edsel line. But Edsel sales plummeted and my father fell into bankruptcy. I watched him struggle; working long hours to protect us from poverty.

We cannot allow the bankruptcy of a euro member state like Greece to turn into a second Lehman Brothers.

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.

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

We live in a society that, for the most part, is morally and spiritually bankrupt. Our culture is a culture of consumerism. How sustainable is that?

I did go bankrupt because everybody copied me - every single industry. But genuinely, it doesn't matter. I swear I don't care.

We do not project power from bankruptcy court. We're borrowing a million dollars a minute.

The rumors were that at least one of the three largest commercial banks would go bankrupt, similar to LTCB (Long Term Capital Bank) a couple of years before, causing a market shock that would reverberate around the world. I

I am very empty in the bank since the bomb.

the Founding Fathers had called for bankruptcy protection in the Constitution itself, and surely even the banking lobby wouldn't pick a fight with them.

The bankruptcy wars changed me forever. Even before this grinding battle, I had begun to understand the terrible squeeze on the middle class. But it was this fight that showed me how badly the playing field was tilted and taught me that the squeeze wasn't accidental.

Medical problems, job losses, and family breakups had laid these families low. Most had hung on and tried to repay long past any reasonable chance of doing so. As I saw it, the families in bankruptcy were mostly good people caught in a bad situation

There is a classic moment in 'The Sun Also Rises' when someone asks Mike Campbell how he went bankrupt, and all he can say in response is, "Gradually and then suddenly." When someone asks how I lost my mind, that's all I can say too.

Hemingway has his classic moment in The Sun Also Rises when someone asks Mike Campbell how he went bankrupt. All he can say is, Gradually, then suddenly. That's how depression hits. You wake up one morning, afraid that you're gonna live.

if you ask anyone in the throes of depression how he got there, to pin down the turning point, he'll never know. There is a classic moment in The Sun Also Rises when someone asks Mike Campbell how he went bankrupt, and all he can say in response is, 'Gradually and then suddenly.' When someone asks how I lost my mind, that is all I can say too. -Elizabeth Wurtzel, Prozac Nation

We spend to pretend that we're upper class. And when the dust clears - when bankruptcy hits or a family member bails us out of our stupidity - there's nothing left over. Nothing for the kids' college tuition, no investment to grow our wealth, no rainy-day fund if someone loses her job.

The whole banking sector in Mexico was literally bankrupt. For whatever reason, instead of intervening in the sector or supporting the banks, the government expropriated them. We went through the very laborious period of selling the failing banks to the wealthy people of Mexico.

We spend our way to the poorhouse. We buy giant TVs and iPads. Our children wear nice clothes thanks to high-interest credit cards and payday loans. We purchase homes we don't need, refinance them for more spending money, and declare bankruptcy, often leaving them full of garbage in our wake. Thrift is inimical to our being.

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

I've actually taken companies public, I've actually busted companies, I've actually gone broke.

Important New York banks realized that because bankers had hypothecated the Central Pacific's securities repeatedly, they were effectively worthless as collateral. It was better to strike a deal with the Central Pacific; otherwise the chain of debt would choke even more banks. Jay Gould scavenged the Union Pacific, saving it from bankruptcy and setting up what would eventually become one of his biggest financial killings.43