Famous Quotes & Sayings

In our opinion, the next six months represent a critical time for Kmart, and we would not be surprised if the company were to file Chapter 11 bankruptcy if trends do not improve.

I really would be surprised if they filed. The part of the equation that is missing in a typical bankruptcy situation is that vendors are not clamping down on them. Vendors are not limiting the distribution of merchandise.

His cabinet is utterly bankrupt -- financially and intellectually, ... blackmail and pressure.

They said that I was more than welcome to go to bankruptcy court and file a claim, but they also said you'd be lucky to get 20 cents on the dollar returned to you as well.

The impact of the change in bankruptcy laws and changes in our practices for overdraft charge-offs and over-limit credit card fees reduced pretax results by about $320 million. In addition, we had a weak trading quarter that was well under our performance in recent quarters. The bankruptcy issue will not recur and should actually benefit us going forward as we expect a reduced level of bankruptcy filings under the new law.

And I think we as a people need to stop being disingenuous about what the Constitution provides for. It does not provide for this all-encompassing power that we've seen exercised over the last several decades. It's what's gotten us into this bankrupt position.

The union's proposal was intended merely to preserve a status quo that promises escalating ticket prices, competitive imbalance, bankrupt franchises, hundreds of millions in team losses and 20 teams losing money - all of which imperil the future of our game,

The UAW has a lot of incentive to negotiate concessions out of court, given the lesser influence it would have in a bankruptcy scenario.

Steve Bartlett

This is not about bankruptcy attorneys, it?s about consumers, ... This has had huge bipartisan support over three years.

Personally, I can live without the 25 percent that goes to county government. We've lived without that money all this time. My main concern is to move the systems to a new and reputable owner as quickly as possible and get this through the bankruptcy proceedings as quickly as possible and get these people a reliable source of water.

David Walker

People are using the pension system and bankruptcy code as a business strategy,

Northwest is still obligated to negotiate with us. We can file motions at bankruptcy hearings. We're still in the mix; that's what this says.

Northwest came into its bankruptcy and knew what not to do. They walked in with a plan that said here's what we're going to do with our labor, here's what we're doing with our airplanes. There was no dancing around.

Bob McAdoo

After removing the special bankruptcy charges from United, the last three quarters' results actually show that United has generated net income levels slightly better than American but not quite as good as Continental.

Now its crucial for the Bush Administration to implement the strongest remedies possible -- even stronger on slabs than those recommended by the ITC -- to prevent further damage from a crisis that has already sent 26 companies into bankruptcy and wiped out 13 million tons of American steelmaking capacity,

Companies that have disappeared through going out of business or bankruptcy or gobbled up by others, most of them haven't had a reason for being. They are mediocre stores. And when the market gets 'over-stored' companies that have no reason for being will go away.

A bankruptcy does not solve any business problem. It is an expensive process of buying time. It is my opinion that the court will grant Delphi as much time as it needs to resolve problems.

A lot of companies that have not filed for bankruptcy may be close to a breaking point. The risks are very high right now.

American has expressed views that United should have gone into bankruptcy with more cash available.

This isn't the kind of industry where half the companies are going to go bankrupt in a recession. They're in good shape to weather a downturn.

This is the closest vote I can remember. It was an uncharacteristically high turnout reflecting concern about the issue and the bankruptcy process.

Henry David Thoreau

The universe seems bankrupt as soon as we begin to discuss the character of individuals

This company has made a huge change over the years from basically a bankrupt company to a very successful one.

This fact could lead to the real bankruptcy of Russian poultry farms.

They filed for bankruptcy some months ago, so this is something that is not completely unexpected, though we had hoped they would be able to work through their business issues and keep going.

This ought not be a debt that is subject to the bankruptcy proceeding.

There isn't any legacy carrier in the nation that can say with certainty that a bankruptcy filing is not possible.

You really have an unfair, ironic and outrageous situation here, ... The one company that had the courage and took the steps of breaking with the entire industry ? is now in a position where it's going to be bankrupt if the settlement is enacted.

This is good for the company. It provides for future funding and it gets us out of bankruptcy sooner than we anticipated. It will be a seamless transition.

This is going to be a very, very long and painful process. In the next five years, all the mainline carriers will have been in bankruptcy at least once.

This is going to be a very, very long and painful process, ... In the next five years, all the mainline carriers will have been in bankruptcy at least once.

Employees have been asked, and frankly steamrolled, to make huge sacrifices in this bankruptcy process.

At this point, it is incumbent upon Northwest management to not squander our significant sacrifices, but to intelligently pursue a course that enables us to emerge from bankruptcy as a proud and profitable airline.