Famous Quotes & Sayings

Northwest came into its bankruptcy and knew what not to do. They walked in with a plan that said here's what we're going to do with our labor, here's what we're doing with our airplanes. There was no dancing around.

Bob McAdoo

After removing the special bankruptcy charges from United, the last three quarters' results actually show that United has generated net income levels slightly better than American but not quite as good as Continental.

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.

Dennis Scott

At the end of the day when all this money is paid for legal fees the company will be forced into bankruptcy and nobody will get anything from Eel River Sawmills because the shares will be worthless.

Orrin Hatch

At the end of the day, it is law-abiding, bill-paying citizens who pay for the bankruptcy of others, regardless of whether the debts involved were taken on by con men or those whose situations simply got out of hand.

Eric Hoffer

Disappointment is a sort of bankruptcy -- the bankruptcy of a soul that expends too much in hope and expectation.

Congress got bankruptcy reform wrong, dead wrong. The 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.

Credit counseling organizations now know what the bankruptcy lawyers and other experts said all along: Congress got it dead wrong when it passed the bankruptcy law.

Credit card companies, credit unions, many retailers, as well as the American people, have lobbied for bankruptcy reform for years.

Employees have been asked, and frankly steamrolled, to make huge sacrifices in this bankruptcy process.

A bankruptcy does not solve any business problem. It is an expensive process of buying time. It is my opinion that the court will grant Delphi as much time as it needs to resolve problems.

They said that I was more than welcome to go to bankruptcy court and file a claim, but they also said you'd be lucky to get 20 cents on the dollar returned to you as well.

A lot of companies that have not filed for bankruptcy may be close to a breaking point. The risks are very high right now.

Tom Price

It's not too late. I think the bankruptcy filings give much greater clarity, and a greater imperative to Congress now to have an industry-specific solution for the airlines.

This is good for the company. It provides for future funding and it gets us out of bankruptcy sooner than we anticipated. It will be a seamless transition.

This is going to be a very, very long and painful process. In the next five years, all the mainline carriers will have been in bankruptcy at least once.

This is going to be a very, very long and painful process, ... In the next five years, all the mainline carriers will have been in bankruptcy at least once.

This is the closest vote I can remember. It was an uncharacteristically high turnout reflecting concern about the issue and the bankruptcy process.

This fact could lead to the real bankruptcy of Russian poultry farms.

At this point, it is incumbent upon Northwest management to not squander our significant sacrifices, but to intelligently pursue a course that enables us to emerge from bankruptcy as a proud and profitable airline.

Now its crucial for the Bush Administration to implement the strongest remedies possible -- even stronger on slabs than those recommended by the ITC -- to prevent further damage from a crisis that has already sent 26 companies into bankruptcy and wiped out 13 million tons of American steelmaking capacity,

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.

Bottom line? Unless you're a bankruptcy attorney, this isn't going to mean a thing to you.

Banks are hypocritical to seek bankruptcy restrictions when their irresponsible marketing and extension of credit card debt has been an important cause of rising personal bankruptcies.

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.

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

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.