Bankruptcy Quotes - page 3

The necessity of every one paying in his own labor for what he consumes, affords the only legitimate and effectual check to excessive luxury, which has so often ruined individuals, states and empires; and which has now brought almost universal bankruptcy upon us. (Josiah Warren)
Of all those expensive and uncertain projects, however, which bring bankruptcy upon the greater part of the people who engage in in them, there is none perhaps more perfectly ruinous than the search after new silver and gold mines. It is perhaps the most disadvantageous lottery in the world, or the one in which the gain of those who draw the prizes bears the least proportion to the loss of those who draw the blanks: for though the prizes are few and the blanks are many, the common price of a ticket is the whole fortune of a very rich man. View quote
Adam Smith
When national debts have once been accumulated to a certain degree, there is scarce, I believe, a single instance of their having been fairly and completely paid. The liberation of the public revenue, if it has ever been brought about at all, has always been brought about by bankruptcy; sometimes by an avowed one, but always by a real one, though frequently by a pretend payment. View quote
Adam Smith
Even if you were to fall into extreme financial hardship and file for bankruptcy, you need to understand that your student loan debt will not be discharged in bankruptcy. It is the Velcro of all debts. View quote
Suze Orman
I feel somewhat responsible for the Borders Books bankruptcy. View quote
Susan Orlean
History teaches us that the capacity of things to get worse is limitless. Roman history suggests that the short, happy life of the American republic may be coming to its end... the US will probably maintain a facade of constitutional government and drift along until financial bankruptcy overtakes it. View quote
Chalmers Johnson
The story of Detroit's bankruptcy was simple enough: Allow capitalism to grow the city, campaign against income inequality, tax the job creators until they flee, increase government spending in order to boost employment, promise generous pension plans to keep people voting for failure. Rinse, wash and repeat. View quote
Ben Shapiro
He seemed to be witnessing with his own eyes the supreme bankruptcy of humanity. Wealth had spoken the truth that night on the mountain. View quote
Gabrielle Roy
They said it was impossible to touch the third rail of politics, to take on public-sector unions and to reform a pension and health benefits system that was headed to bankruptcy. But with bipartisan leadership, we saved taxpayers $132 billion dollars over 30 years and saved retirees their pensions. We did it. View quote
Chris Christie
The highest triumph of Bismarckian politics carried its downfall and bankruptcy within it. View quote
Wilhelm Liebknecht
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)
Even if you feel like your debt is just never going to go away, think long and hard before declaring bankruptcy. Declaring bankruptcy means that getting a loan for anything will be next to impossible for the next 10 years. View quote
Alexa Von Tobel
When I became CEO of Xerox 10 years ago, the company's situation was dire. Debt was mounting, the stock sinking and bankers were calling. People urged me to declare bankruptcy, but I felt personally responsible for tens of thousands of employees. View quote
Anne M. Mulcahy
You look at what happened with Chrysler, it went through that bankruptcy, and it's re-emerged in a much different fashion, privately held in some of those things, and it's really putting out a great product. View quote
Bill Huizenga
We added Medicare Part D to a system facing bankruptcy and gave no thought to means testing it. View quote
Bob Inglis
Nevada was hit hardest by the recession - highest unemployment, highest foreclosure rate, highest bankruptcy rate. View quote
Brian Sandoval
Five thousand people every day lose their home because of a medical bankruptcy. Most of them had insurance. View quote
Debbie Stabenow
Faith is a cop-out. If the only way you can accept an assertion is by faith, then you are conceding that it can't be taken on its own merits. It is intellectual bankruptcy. View quote
Dan Barker
Al Gore may think Medicare is at a crossroads, but his plan puts it on a highway to bankruptcy. View quote
Dan Bartlett
It is imperative that we make consumers more aware of the long-term effects of their financial decisions, particularly in managing their credit card debt, so that they can avoid financial pitfalls that may lead to bankruptcy. View quote
Daniel Kahikina Akaka
I can't think of another enterprise other than being a homeowner that can't have its debt restructured in bankruptcy. Corporations can but a homeowner can't? Now with securitization the homeowner can't go to the owner of the loan and work things out. (Eli Broad)
In the 1970s, New York City avoided bankruptcy because wise political leaders like Gov. Hugh L. Carey believed both in strong labor unions and robust banks and companies. View quote
Felix Rohatyn
A bankruptcy judge can fix your balance sheet, but he cannot fix your company. View quote
Gordon Bethune
Bankruptcy is a serious decision that people have to make. View quote
Herb Kohl
As president of the International Brotherhood of Teamsters, I have seen private equity firms plunder company after company, taking rich fees for themselves and cutting costs until there's nothing left to cut. Time and again I've seen their reckless behavior drive companies to declare bankruptcy. View quote
James P. Hoffa