Quotes About Bankruptcy

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.

Enron had already collapsed and filed for bankruptcy protection by the beginning of 2002. But despite complaints from short sellers that corporations had used accounting gimmickry to inflate their profits, many investors thought the crisis at Enron was an isolated case.

In 1997, the National Bankruptcy Review Commission recommended that chapter 12 of the Federal Bankruptcy Code, the chapter that contains bankruptcy protection for family farmers, be made permanent.

Ricos y pobres, parece que los estadounidenses ven la bancarrota como un «derecho inalienable», casi en igualdad de condiciones con «la vida, la libertad y la búsqueda de la felicidad».

A Fed loan to Lehman Brothers would not have prevented a bankruptcy.

The women who file for bankruptcy played by all the rules, but they are still in economic freefall.

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.

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

America is one of the last places left on earth where every citizen, until the day he or she dies, is exposed to the risk of personal bankruptcy because of illness or disease. It does not matter how industrious we are, how carefully we save and invest, or how moral we are in our personal and family life. We are all just one long hospital stay away from losing everything.

the wealth of the Rothschilds consisted of the bankruptcy of nations.

Morgan decided that it was hopelessly insolvent and had to be shut.

Only when we have enough mental stress to force us to see our own bankruptcy of power, do we trust in God, and only when we trust in God can we make a contribution which will not collapse.

Retirement is an illusion. Not a reward but a mantrap. The bankrupt underside of success. A shortcut to death. Golf courses are too much like cemeteries.

Now, people when I say that look at me and say, 'What are you talking about, Joe? You're telling me we have to go spend money to keep from going bankrupt?'. The answer is yes, that's what I'm telling you.

Unqualified activity, of whatever kind, leads at last to bankruptcy.

Know what happens when an individual declares bankruptcy and how it affects his or her life.

Bankrupt of life, yet prodigal of ease.

Have we learnt the true discipline of a bankruptcy if we turn to such coinage as this? Will it really profit us so much if we save our souls and lose the whole world?

All that mattered was for investors to be able to recoup investments that were largely driven by the knowledge that Puerto Rico's bonds were triple-tax exempt and that it had no bankruptcy protection.

Puerto Rico was out of time wasn't because it had no remaining strategies to continue trying to negotiate down the debt; severely limited as it was by the lack of bankruptcy protection and lack of sovereignty, it still could have lobbied the US government on humanitarian grounds. What Puerto Rico had run out of time for was the illusion that it had autonomy over its affairs, that its residents had full US citizenship, that it had anything resembling a self-directed economy.

My one issue in this country is to get on a firm financial footing. There's not much you can do if you're bankrupt.

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.

We've all heard stories of lottery winners, rock stars, heirs and heiresses, and professional athletes becoming millionaire morons who wake up rich but are broke by nightfall.

The first thing I got was a jet. And it's the last thing I'd get rid of if I go bankrupt.