Quotes about bankruptcy
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We think the recent surge in fuel prices greatly increases the likelihood of a bankruptcy filing within the next two months.
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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.
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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.
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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.
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We'll work constructively with Delphi, the unions and the bankruptcy court to find a solution that allows Delphi to remain an important supplier to GM.
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Under the old law you could file bankruptcy every seven years and you'd have a full six years between filing (for Chapter 7). I have seen people who have filed three different times in their lifetimes.
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Other countries around the world make employees and retirees first in the priority. For example, in Mexico, the bankruptcy laws say if a company wants to go bankrupt... obligations to employees and retirees will have a first priority. That has an effect on every negotiation that takes place with every company in Mexico. Elizabeth Warren
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Bankruptcy exposes the economic vulnerability and insecurity of middle class women. Elizabeth Warren
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Bankruptcy is about financial death and financial rebirth. Bankruptcy is the great American story rewritten. We're a nation of debtors. Elizabeth Warren
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Socialism is the gradual and less violent form of communism, and socialist is the project of the European Union, which was born in Maastricht in 1992. The intent was to save socialism in Europe after the fall of the Berlin Wall and the predictable bankruptcy of the welfare state in the West as well. Vladimir Bukovsky
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We are concerned that just as survivors of Hurricane Katrina are beginning to rebuild their lives, the new bankruptcy law will result in a further and unintended financial whammy, John Conyers
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We're coming out of bankruptcy with an awfully good set of assets, ... As the industry shifts away from the notion of a phone call is a phone call and data is data... we have a great opportunity to play in that evolution.
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We recognize it's painful and devastating to our members, and couldn't come at a more worse time, however we do not want our future in the hands of the bankruptcy court.
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Generally speaking, companies get into bankruptcy as a kind of meritocracy. Somebody made some sort of big mistake, to get into bankruptcy, and very often, a part of the mistake is too much leverage. Wilbur Ross
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While we have a lot of work to do and a lot of initiatives under way, bankruptcy is not one of them.
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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. Bud Shuster
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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.
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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. Robert Manne
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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 .
bankruptcy cash reserves
We don't have the cash reserves to be in bankruptcy a long time,
bankruptcy generally including performance
We've done performance comparisons of our scores, including bankruptcy scores, and generally they are very predictive.
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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.
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There are so many fewer moral barriers to a bankruptcy of this scale.
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Kmart went into bankruptcy a cadaver and it'll come out of it a cadaver,
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Katrina will be a significant test of how flexible our bankruptcy rules are. Banks have a lot of experience dealing with debtors in difficulty because of natural disasters. The first focus will be on making sure people can meet their immediate financial needs.
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Going into Chapter 11 is expensive. The feeling is once they get out of the bankruptcy and get some of the costs of the bankruptcy paid, they'll be able to build up their portfolio and make real money. Alice White
bankruptcy compete forward month next plan ready strongest week
We look forward to confirming the (reorganization) plan next week and exiting bankruptcy next month ready to compete with the strongest carriers.
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If someone in Katrina is down and out, and has no possibility of being able to repay 40 percent or more of their debts, then the new bankruptcy law doesn't apply,
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He felt that it was premature for University Heights to have filed for bankruptcy in this case. Patrick Fitzgerald
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We expect to formally exit bankruptcy in early 2006, with a target exit date of February 1st. Glenn Tilton
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There is no harm to the citizens of Minnesota or the MAC (Metropolitan Airports Commission). There are a number of issues Northwest is dealing with in bankruptcy and this is one of them.
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The purveyors of state bankruptcy are at it again. This isn't a plan. This is a joke.
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The people coming out of bankruptcy need an opportunity to get back on their feet.