Famous Quotes & Sayings

We've been trying to stay out of bankruptcy for three years now.

We're a company in bankruptcy and have been operating on borrowed money.

I wouldn't expect to see any major effects of these bankruptcy filings on passengers. I think both carriers will restructure successfully and continue flying.

If we don't have the CAP program, then I'm going to the bankruptcy court. It would be the dissolution of the agency.

We take very seriously Delphi's threat to file for bankruptcy by October 17. If Delphi files for bankruptcy, we couldn't rule out a ratings change (for GM).

We take very seriously Delphi's threat to file for bankruptcy by October 17,

We support credit counseling, especially if it's delivered early, and this is not early intervention. This is late intervention at the point where people have decided that bankruptcy is the only way for them. We just wonder whether this kind of late intervention will be helpful to too many people.

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.

It goes to show that proper planning, being able to weather the inevitable ups and downs of the business, is vital. Those that do survive bankruptcy addressed their costs and strategic issues in a comprehensive manner. That's how Continental approached its restructuring.

It certainly is signaling there is financial stress on Northwest. It's telling everyone they may now be looking at bankruptcy as a strong option.

I think that's a big issue that a bankruptcy court is going to have to confront. What's the ongoing responsibility of the company and what's the legal liability in the contracts.

Paul Foster

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

I think what you see in the bankruptcy rate is just a result of everything piling up on people, ... I suspect it is just a cumulative effect of an unbudgeted jump in expenses for daily living.

Tommy Thompson

GM is holding it over your head that they can file bankruptcy at any time.

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 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.

shouldn't have to jump through hoops to get bankruptcy relief.

The Delphi bankruptcy is a real watershed point for the UAW, ... The UAW is virtually powerless now.

Wolfgang Schauble

I think there will be no government bankruptcy in Greece.

We don't know who will lease these gates. The Delta bankruptcy hearing has not occurred. We don't have those gates in our possession yet.

The question is whether American restructures its costs outside of bankruptcy court or through the court system. One way or another we will restructure our costs.

We found it interesting that some states that historically have low rates of bankruptcy have high propensities. I think some of it's going to be related to the economic changes. For states to see that kind of difference, some things have changed.

Tom McCarthy

The state's position is that the bankruptcy filings in both cases were frivolous and for the sole purpose of delaying the eviction.

These losses emphasize the need for the urgency with which we have to pursue route network and revenue improvements and the use of the bankruptcy process to reduce the cost and complexity of our business.

The Sogo bankruptcy marked a major turning point in Japanese economic history.

The smartest or luckiest thing UAL did was stay in bankruptcy for three years. Had they rushed to confirm a plan, they would likely have needed a return visit to Chapter 11.

The surge in personal bankruptcy started a few years ago and has been building,

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.