Famous Quotes & Sayings

There is also a widespread paralysis of the legal system in our area. The bankruptcy court in New Orleans does not exist anymore.

There is no immediate effect as a result of any bankruptcy filing, ... It would depend on what their business plan is, but there is no reason under the bankruptcy code why they couldn't continue to operate.

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.

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.

Glenn Reynolds

This whole process is part economics, part bankruptcy law, part ideology and part game theory -- but 100 percent painful.

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.

Alex Tabarrok

Today it is evident that we have two political parties: the Tax and Spenders and the No-Tax and Spenders. Neither party is fiscally conservative. Is there no room at the inn for an honest conservative? A conservative who makes the case for smaller government on its merits and not just as the fallback option when fiscal bankruptcy threatens?

Our contract has been placed in jeopardy as a result of Delta's petition for bankruptcy protection, ... The fight that has just begun will be intense and difficult.

It is a push by bankruptcy opponents to try and delay the implementation, more so than a good-faith effort to help Katrina victims.

I think there's a violation of the bankruptcy code. This court should direct those funds be returned to RCM immediately. This seems like a no-brainer.

Paul Foster

Option market makers and hedgers are pricing in the possibility of (Delphi) filing for bankruptcy before October 17.

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

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 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.

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.

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.

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 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.

We didn't oppose the motion to void the stock options because they were worthless once management forced the company into bankruptcy anyway.

Bondholders need more details, but anything that would prevent a bankruptcy certainly would be a positive. It's hard to make this situation more complex than it is.

The law has a one-size-fits-all approach, ... It treats people who have been hit by hurricanes in the same fashion as people who have ended up in bankruptcy from gambling or overspending or misusing the credit they were given.

All the major airlines, Southwest excepted, will be in Chapter 11 bankruptcy sometime in the next five years, ... But for those already leaning on the edge, this makes it a very simple decision for them.

The market has priced out near-term bankruptcy risk. But the company still has industry risk, execution risk and turnaround risk.

Ken Salazar

Everywhere I've gone in Colorado, the farmers are telling me they're about ready to go into bankruptcy because they can't borrow any more money, ... The money they're having to spend on fuel prices I think is going to put a number of our farmers over the brink.

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.

David Walker

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