Famous Quotes & Sayings

A situation where you have United, Delta and Northwest all in bankruptcy does make it easier to think about further consolidation.

That's just so many financial barnacles to stick onto a bankrupt company. They're going to get scraped off.

This type of bankruptcy is for the person who is barely making it, who can barely pay their rent or mortgage and food and has no extra money to pay debts. It relieves them of the debt and removes the creditors' rights to sue the debtor.

Elizabeth Warren

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

It would appear, ... that many of the smaller, more independent dot.com firms have been swallowed up by their larger competitors or have fallen into bankruptcy and eventual closure.

I see no rush to beat the latest bankruptcy law deadline.

I share your commitment to conducting a thorough investigation of what, until recently, was the largest bankruptcy filing in our nation's history, ... In light of recent news reports and testimony at this week's Permanent Subcommittee on Investigations hearing on the role of financial institutions in the collapse of Enron Corporation, I believe these two individuals could provide the committee with information critical to our investigation.

I used to work in recoveries for bankruptcy cases: searching and locating missing assets. Having grown up around those things, I find them very interesting.

They are another example of a company that started out in a relatively stronger financial position than their peers, and they felt they were in better position to survive a shakeout. They didn't pursue cost-cutting as aggressively as they would have if they were heading toward bankruptcy early in the (industry's) downturn.

The probability of a bankruptcy became more likely after the court ruling in Delaware last week.

We're discussing with various parties, including the U.S. trustee in the bankruptcy case, the best way to proceed. We will hopefully come to some conclusions in due course.

In my judgment a bankruptcy certainly is not precluded from being an ultimate scenario. However, I don't see it on the more immediate horizon. If you are a company of this magnitude ... to a certain degree the banks feel it is in their interest give you more rope and keep you going in the hope and expectation that you'll turn it around. I think that's probably what's going to happen here.

I have said from day one that I would use the threat of bankruptcy and that the unions will respond to that threat and come back to the negotiating table,

Investors should remain on the sidelines and mind our speculative risk rating. Share prices could remain volatile amid bankruptcy speculation until management is more forthcoming with refinancing and restructuring progress.

In the past we might have felt at different points that the concerns about bankruptcy risk were way overplayed.

In the past, we might have felt at different points that the concerns about bankruptcy risk were way overplayed.

Jerry Weller

Restrict bankruptcy rules.

Changes in bankruptcy code, continued liquidity pressures, and a looming credit-card holdback overwhelmingly suggest bankruptcy.

Buyers beware. This kind of move is not sustainable, ... The company went into bankruptcy a cadaver and it's coming out a cadaver.

John Edwards

George Bush doesn't get to pick our nominee, and he doesn't get to decide what this election is about, ... This president is so bankrupt of ideas that he can't even wait until the Democrats pick a nominee before he starts drudging up the past and slinging mud.

Michael Ward

I don't think it gets them out of their obligations. They have to find solutions and I do not believe bankruptcy is an option.

The numbers tell the story. Year to date in 2005, the company's operating earnings improved by over $450 million, despite fuel costs that are $1.3 billion higher than last year. When United exits bankruptcy in February 2006, we will be ready to compete aggressively with the best carriers in a way that is distinctly United.

The banks are saying that we expect bankruptcy law-related losses will subside because of the rush to file. But the undertone of credit quality is worsening.

The bankruptcy threat is real. As you know, we have been preaching for two years now about Northwest's financial troubles.

Jamie Dimon

The bankruptcy surge in 2005 will give us a benefit.

The bankruptcy issue is a one-time situation. Commercial and industrial loan growth was fairly strong and should be the key driver of earnings growth this year for the regional banks.

The bankruptcy filing and other stock stories are weighing on us a little, and you've got the Federal Reserve meeting and the CEOs signing off on the books hanging over us, but mostly you're seeing stocks a little skittishness after four days of gains last week.

It's common in a bankruptcy to have these charges -- you're cleaning house.

It's clear that the Delphi bankruptcy really precipitated a sense of urgency,

It's a matter of time before GM files for bankruptcy if these issues aren't addressed.

The biggest rumor I always had to fight in marketing, was that they're going under or going bankrupt or whatever, and that's never been the case.

The biggest economic danger of the next 50 years is the coming crisis in entitlement spending. The problem is the entire health care system is in crisis. The entire U.S. health care system needs to be overhauled. If not, it will literally bankrupt the federal government.

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.