Quotes About Bankruptcy

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.

Today it is evident that we have two political parties: the Tax and Spenders and the No-Tax and Spenders. Neither party is fiscally conservative. Is there no room at the inn for an honest conservative? A conservative who makes the case for smaller government on its merits and not just as the fallback option when fiscal bankruptcy threatens?

Enron Field in Houston, the Trans World Dome in St. Louis and PSINet Stadium in Baltimore are just three of the modern-day coliseums named for companies that have found new homes in bankruptcy court.

We had just finished the world's greatest depression and there were many bankrupt companies. But a war causes a demand for almost every product, so during a war almost every company will prosper again. So

I was expecting a rather long visit to Bankruptcy Court at the time, and this interruption seemed almost providential.

Once the custom was for a bankrupt to leave town, but that's no longer in vogue. It's not even called bankruptcy any more. The expression is, "I'm in arrears." In plain language that means, "Kiss my rear.

Thus it is understanding God's grace—that is to say, understanding God himself 178—that demolishes legalism. Grace highlights legalism's bankruptcy and shows that it is not only useless; it is pointless; its life breath is smothered out of it.

The literal translation of the word "sin" is missing the mark. Are we blind to how far we are from 'hitting the mark'? Since current polls and demographic studies show that Christians living in America are divorcing, abusing, over-indulging, bankrupting or adultering at rates that don't differ from non-Christians, we have to admit our blindness.

Bankruptcy is a sacred state, a condition beyond conditions, as theologians might say, and attempts to investigate it are necessarily obscene, like spiritualism. One knows only that he has passed into it and lives beyond us, in a condition not ours.

The bankers might not have said it in so many words, but gradually their strategy emerged: Target families who were already in a little trouble, lend them more money, get them entangled in high fees and astronomical interest rates, and then block the doors to the bankruptcy exit if they really got in over their heads.

The single best predictor that a family would go bankrupt was if they had a child.

Medical debts are the number-one cause of bankruptcy in America.

I watched my own father, he went bankrupt and had problems with the IRS. He was living beyond his means, and I guess I was doing the same thing and not even realizing it.

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.

As president of the International Brotherhood of Teamsters, I have seen private equity firms plunder company after company, taking rich fees for themselves and cutting costs until there's nothing left to cut. Time and again I've seen their reckless behavior drive companies to declare bankruptcy.

You read these management books that say, 'These are the hard things about running a company.' But those aren't really the hard things. The hard things are when you have to layoff half your company, or you have to fire your best friend. Or you have to figure out a way not to go bankrupt.

Remember Circuit City? Bear Stearns? Lehman Brothers? Sports Authority? Once, all were billion-dollar companies - then gone in a moment. The fatal problem might be fraud or corruption, but more often, it's simply that management didn't see 'over the other side of the hill.'

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's only one thing you can do in bankruptcy: break your word, break your deals. It allows you to say to the small businesses, who have been catering lunches for you, 'Sorry, we're not paying you.' It allows you to go to the workers and say, 'Sorry, we're not paying you.'

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.

Organized religion has too often followed the road of other people's institutions. It has made adjustments, compromises, and surrenders to a materialistic civilization for the benefit of material security in spite of occasional twinges of conscience and moral protests. The result has been that today much of organized religion is materialistically solvent but spiritually bankrupt.

El país, que nació con un atraso de siglos para construir un régimen de libertades cívicas y bienestar económico, perdería décadas preciosas en una discordia civil que a la postre lo conduciría a la bancarrota, el descrédito, la violencia interna, la guerra exterior y el desmembramiento del territorio.

By contrast, in a liquidity crisis only one creditor can save the debtor: the government. There is no competitive market that offers emergency loans during a liquidity crisis. This means that the government can dictate terms. It can also neglect the interests of other stakeholders or discriminate among them for political reasons. The risk of abuse is far higher than it is in a normal bankruptcy.

Disappointment is a sort of bankruptcy - the bankruptcy of a soul that expends too much in hope and expectation.