Famous Quotes & Sayings

There comes a point in labor-management negotiations when you have to think about the survival of your bargaining partner, and we are well past that point. The Delphi bankruptcy put a flamethrower on a grim reality that's been evident for some time.

We think we're setting the standard for performance. If you see what people have done in other bankruptcies, they've obviously looked at our contracts and things like that as a yardstick to measure their own bankruptcy process.

We think the risk of bankruptcy is too high to continue to hold the stock.

We think the recent surge in fuel prices greatly increases the likelihood of a bankruptcy filing within the next two months.

We think the probability of a Delta bankruptcy filing has grown, and we think investors should be mindful of Oct. 17, when more restrictive bankruptcy legislation becomes effective. That could be a key factor in a Delta deciding whether to file for Chapter 11 bankruptcy.

Joe Heck

We know that Medicare is set to go bankrupt in 2024 with no action, and social security is set to be insolvent by 2037.

We don't want this credit counseling requirement to be yet another hurdle that consumers who really need bankruptcy relief have to jump over to get it,

We believe liquidity pressures, combined with a weak fundamental outlook could compel Dana to pursue debtor in possession financing and a Chapter 11 reorganization. Given restrictions on secured borrowing and pressure from its suppliers, Dana may not be successful in obtaining sufficient out of bankruptcy secured bank financing.

We believe investors are justifiably growing increasingly concerned that production disruptions due to labor disputes are increasingly probable as there are currently two suppliers in bankruptcy with another more than likely headed in that direction.

The problem is that people are in serious debt in this country. Outstanding consumer debt is at all-time highs, and debt is like an illness. You don't solve an illness by making it harder to get into a hospital, which is what bankruptcy court is for debtors.

The one thing we can be confident of is that the books are cooked. We don't need to know who cooked the books to know that there is deep trouble for this company ... Bankruptcy reorganization looms and that the creditors are going to start looking for deep pockets to sue.

Filings are up solely because of the bankruptcy reform act.

Filing for bankruptcy doesn't make this one go away, ... It may make it less urgent to deal with, but the fact of the matter is these guys are still on strike, and they're still hurting Northwest's business to some extent.

Failure is not a crime. Bankruptcy is not a crime. If it were we would have to turn Oklahoma back into a penal colony because there would be so many people to lock up.

If there are only three guys at the top of the organization handling things, it's the definition of a bankrupt company. In creating leaders without titles, we are going to have organizations with people at the helm putting forth their best.

While we have a lot of work to do and a lot of initiatives under way, bankruptcy is not one of them.

I wasn't happy with the direction we were heading. I saw in August, the County Auditor issued a report saying we would be bankrupt in eight years if something didn't change.

Julian Bond

When that message is coupled with anti-Semitism, with homophobia, with anti-Catholicism, and with a real contempt for American democracy, then the whole message becomes bankrupt and has to be discarded and set aside,

We've done performance comparisons of our scores, including bankruptcy scores, and generally they are very predictive.

We filed for bankruptcy and set up this process to flesh out the real interest from potential buyers, ... We feel the greatest value to our creditors would come from a strategic arrangement that preserves the company as a going concern.

Bud Shuster

We are not talking about a choice between this merger and the status quo, ... US Airways has been hemorrhaging money. If nothing happens, it is my judgment we'll see US Airways in bankruptcy or out of business in coming years.

We have not be notified of an imminent bankruptcy filing. I would hope they would notify us if something was going to be filed. As far as those reports, I certainly think the company is trying to get plan B put together just in case.

Robert Manne

The pressure is hardly off. It's just as much pressure as it has been, it's just without the albatross of bankruptcy hanging over it.

nothing in the bankruptcy code requires companies to skip their pension funding payments.

People wait until the last minute to go to the bankruptcy lawyer's office because they don't want to be in the bankruptcy lawyer's office. We're hoping that people recognize that bankruptcy is still an option for them, and that if their home is at stake, that they need to get in earlier to get it done.

One thing is sure, bankruptcy court is unlike any other law it really can have real life implications for everyone.

Helen Zille

We need to know where the money to build the stadium is coming from, how it will be funded and that we don't bankrupt the city in the process.

We know that we will have to make sacrifices but we're hoping the bankruptcy judge will perceive what a disproportionate sacrifice Delta is trying to wring from this group of working women -- most of them mothers who help support families.

Sendhil Mullainathan

Economists specialize in pointing out unpleasant trade-offs - a skill that is on full display in the health care debate. We want patients to receive the best care available. We also want consumers to pay less. And we don't want to bankrupt the government or private insurers. Something must give.

Two years ago we gave up on Xerox. It was on the brink of bankruptcy or being taken over and, believe it or not, now it's on the path to profitability .

We don't have the cash reserves to be in bankruptcy a long time,

We continue to believe that a bankruptcy filing is a low probability outcome and that the company will successfully negotiate a new bank agreement.

We can say authoritatively that federal bankruptcy law changes are doing no measurable good whatsoever. They've done nothing more than put new hurdles in the path of people who are already flat on their back due to a financial crisis over which they have no control.