Famous Quotes & Sayings

Bankruptcy is not the end of the world. US Airways is in bankruptcy, and they fly every day.

Bankruptcy is in the minds of the media.

Bankruptcy is becoming less of a risk, due not only to the rising fare environment but also to the likelihood that we are going to see some type of wage or productivity concessions.

Bankruptcy gets you a number of tools you can use to improve your financial situation, ... We don't think there are any more tools we can use.

Bankruptcy costs are expensive and necessary. That's something we said from the beginning.

Bankruptcy aside, we're always looking to get more out of the space we own and lease. With respect to the bankruptcy, it's premature to say what changes it might entail with respect to our real-estate portfolio.

Bankrupt companies are entitled to due process. But they can't use bankruptcy to skirt the process by which they're held accountable to regulatory bodies, particularly when there might be criminal conduct involved.

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.

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.

Elizabeth Warren

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

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.

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.

The last couple of days illustrate that there is a lot of work to do at this company and it's debatable whether it's actually doable outside bankruptcy court. I don't think it is.

The cost will be borne by the bankruptcy estate. It is not completely clear how broad the scope will be. All of these administrative expenses must be paid at the time the repayment plan is implemented. That is a big deal.

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 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.

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,

I made my money turning around distressed or bankrupt companies. I did 50-some of them in my career... I started on a shoestring and eventually built up quite a fortune.

Tom Price

I've gotten a better response since the bankruptcy filings.

Nominally, there is one executive for every eight federal employees, a ratio that would bankrupt many private industries.

If United were to slip into Chapter 7 bankruptcy and go out of business, the loss of this competitor would surely push up prices.