Top 100 Quotes About Bankruptcy
#1. Socialized medicine must fail for the same reasons all socialism must fail: it offers no system for rationally allocating resources, and instead promotes the overutilization of all resources, ending in bankruptcy.
Llewellyn Rockwell
#2. The bankruptcy wars changed me forever. Even before this grinding battle, I had begun to understand the terrible squeeze on the middle class. But it was this fight that showed me how badly the playing field was tilted and taught me that the squeeze wasn't accidental.
Elizabeth Warren
#3. To answer brutality with brutality is to admit one's moral and intellectual bankruptcy.
Mahatma Gandhi
#4. If there were such a thing as Chapter 11 for politicians, the Republican push to extend the unaffordable Bush tax cuts would amount to a bankruptcy filing.
David Stockman
#5. Fools gain greater advantages through their weakness than intelligent men through their strength. We watch a great man struggling against fate and we do not lift a finger to help him. But we patronize a grocer who is headed for bankruptcy.
Honore De Balzac
#6. This filing spike is a result of bad information being pushed on people, and then they file for bankruptcy out of fear.
Steve Bartlett
#7. Bankruptcy is a serious decision that people have to make.
Herb Kohl
#8. In America," I said, "if you can't pay back a loan, you declare bankruptcy and that's the end of it.
Cleo Odzer
#9. Once you get to your forties or fifties in this society, very few people haven't had at least one body blow - financial, bankruptcy, divorce, relationship disaster, addiction, trouble with a child, trouble with a parent. Most people take some blow.
Marianne Williamson
#11. The worst thing that happened to air travel in the past ten years was the bankruptcy of Xhibit Corp., the parent company of SkyMall. I recalled with clarity the first time I boarded a flight and it was missing from all usual nooks and crannies. It had been a dark day.
L. H. Cosway
#12. The company, Tiffany Studios, ended up in bankruptcy in 1930 - early '30s.
Susan Vreeland
#14. On one level, going bust didn't bother me. It was the 80s, and there wasn't the stigma about bankruptcy that you might think. My mates weren't bothered. My dad was in business.. he knew that it happened, too. He loaned me the money to bail me out, and I got a loan from the bank to pay him back.
Simon Cowell
#15. 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
#16. Nevada was hit hardest by the recession - highest unemployment, highest foreclosure rate, highest bankruptcy rate.
Brian Sandoval
#17. We do not project power from bankruptcy court. We're borrowing a million dollars a minute. It's got to stop somewhere.
Rand Paul
#18. It's more likely in America that your parents will file for bankruptcy than divorce. We think of divorce as so prevalent, but we all know that happens because somebody moves out of the house.
Elizabeth Edwards
#19. Greece's debts are all denominated in euros, but it isn't clear who holds how much of those debts. For that reason, the consequences of a national bankruptcy would be incalculable. Greece is just as systemically important as a major bank.
Wolfgang Schauble
#20. ... things such as losing a job, the death of a loved one, divorce, bankruptcy, illness. Once you have handled any of those things, you emerge a much stronger person.
Susan Jeffers
#21. High bankruptcy rates, increased credit card debt, and identity theft make it imperative that all of us take an active role in providing financial and economic education during all stages of one's life.
Ruben Hinojosa
#22. 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.
Alexa Von Tobel
#23. Single people slip out of the dating market for many social, economic, psychological, and ideological reasons including marriage, illness, bankruptcy, job promotion, exhaustion, and common sense. Inevitably, however, they return because of divorce, boredom, loneliness, and memory loss.
Linda Sunshine
#25. Personal savings accounts to me are one of the most powerful things, not necessarily in saving, solvency, or bankruptcy of the program, but in guaranteeing, the words I used a few minutes ago, a safe and secure retirement for our seniors.
Bill Frist
#26. If a company can declare bankruptcy, why can't a country do so?
Pope Francis
#27. Saving New York City from bankruptcy is like making love to a gorilla. You don't stop when you're tired; you stop when he's tired.
Felix Rohatyn
#28. Do not tend to hire only people who see what you see. Such a tendency may lead to a decline in operating profit, and even bankruptcy.
Eraldo Banovac
#29. When I came in, the city was on the edge of bankruptcy. I'm proud of what I did. I built the foundation that mayors after me built upon - particularly Bloomberg. But the foundation was essential because if it hadn't occurred, we would have been another Detroit.
Ed Koch
#30. Enron Field in Houston, the Trans World Dome in St. Louis and PSINet Stadium in Baltimore are just three of the modern-day coliseums named for companies that have found new homes in bankruptcy court.
Alex Berenson
#31. I'm only thin-skinned when somebody says bad things that are false. For instance, if you hit me about something that's true, all right, the bankruptcy - I used that as a tool. I didn't ever file for bankruptcy.
Donald Trump
#32. 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.
Felix Rohatyn
#33. Together with a team of financial and legal experts I have spent months exploring all possible alternatives to bankruptcy but to no avail.
Shane Filan
#34. The fact is, out of all the possible reasons for going bankrupt, only three account for nearly 90 percent of bankruptcy: a job loss, a medical problem, or a divorce. And the fact is that those are exactly the kind of calamities that the bankruptcy courts were designed to help people through.
Amelia Warren Tyagi
#35. She told me of your two chief faults, your vanity, and your being, as she termed it, "all wrong about money". I have a distinct recollection of how I laughed. I had no idea that the first would bring me to prison, and the second to bankruptcy.
Oscar Wilde
#36. Credit default swap gives you something to do. You can buy some credit default swaps from them to protect yourself against the bankruptcy of people who owe you money.
Robert F. Engle
#37. Bankruptcy is a sacred state, a condition beyond conditions, as theologians might say, and attempts to investigate it are necessarily obscene, like spiritualism. One knows only that he has passed into it and lives beyond us, in a condition not ours.
John Updike
#38. 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
#39. Bankruptcy laws allow companies to smoothly reorganize, but not college graduates burdened by student loans.
Robert Reich
#40. By the time most people file for bankruptcy, their credit is already trashed, they have a high debt-to-income ratio - a key indicator lenders look at - and they've likely defaulted on more than a few accounts.
Jean Chatzky
#41. The unions and the auto companies have been unable to put a deal together that fundamentally restructures the industry. It needs to get done. The only way it's really going to get done is in bankruptcy court. They should have done it six months ago they should do it now.
Tim Pawlenty
#42. Some economists estimate that for every family that goes bankrupt, there are about 15 more who are in the same amount of financial trouble and would profit from bankruptcy but just haven't filed.
Elizabeth Warren
#43. Know what happens when an individual declares bankruptcy and how it affects his or her life.
Marilyn Vos Savant
#44. Most women file for bankruptcy in the aftermath of a serious medical problem, a job loss, or a family break up. It is hard to protect against those.
Elizabeth Warren
#45. Five thousand people every day lose their home because of a medical bankruptcy. Most of them had insurance.
Debbie Stabenow
#46. Trump Entertainment Resorts declared Chapter 11 bankruptcy. Or as Donald Trump describes Chapter 11, "Back-to-back number ones!"
Conan O'Brien
#47. There's a danger our fiscal bankruptcy might overtake our moral bankruptcy.
Mort Sahl
#48. The entire exhibitions industry in the United States of America has filed for bankruptcy.
Jeffrey Katzenberg
#49. Renunciation of thinking is a declaration of spiritual bankruptcy.
Albert Schweitzer
#50. By abstaining from all definite content, whether as formal logic and theory of science or as the legend of Being beyond all beings, philosophy declared its bankruptcy regarding concrete social goals.
Theodor Adorno
#51. The assumption that Washington could and would resolve Lehman Brothers without a bankruptcy, as it had Bear Stearns, was the single biggest mistake in the series of mistakes in 2007 and 2008 that led to the financial panic and the ensuing epidemic of job losses.
David Malpass
#52. After watching Taro reach the brink of bankruptcy, seeing their shares delisted from trading, hearing endless false promises about receiving audited financial statements, and witnessing an unchecked drain of company resources, the shareholders have clearly had enough.
Dilip Shanghvi
#53. Capitalism without bankruptcy is like Christianity without hell.
Frank Borman
#54. Family responsibility, yes, and always. Family bankruptcy due to the cruel rules of government, no.
Barbara Mikulski
#55. If India is not to declare spiritual bankruptcy, religious instruction of its youth must be held to be at least as necessary as secular instruction.
Mahatma Gandhi
#56. In 15 years from now half of US universities may be in bankruptcy ... in the end I'm excited to see that happen. So pray for Harvard Business School if you wouldn't mind.
Clayton Christensen
#57. Our national debt after all is an internal debt owed not only by the Nation but to the Nation. If our children have to pay interest on it they will pay that interest to themselves. A reasonable internal debt will not impoverish our children or put the Nation into bankruptcy.
Franklin D. Roosevelt
#58. Al Gore may think Medicare is at a crossroads, but his plan puts it on a highway to bankruptcy.
Dan Bartlett
#59. The welfare state is the bankruptcy law for workers
Ha-Joon Chang
#60. I often say to entrepreneurs, 'If Lehman Brothers were Lehman Brothers & Sisters, it wouldn't have gone into bankruptcy.'
Shinzo Abe
#61. To run away from danger, instead of facing it, is to deny one's faith in man and God, even one's own self. It were better for one to drown oneself than live to declare such bankruptcy of faith.
Mahatma Gandhi
#62. Our schools should get five years to get back to where they were in 1963. If they're still bad maybe we should declare educational bankruptcy, give the people their money and let them educate themselves and start their own schools.
William Bennett
#63. The years thunder by.
The dreams of youth grow dim
where they lie
caked in dust on the shelves of patience.
Before we know it, the tomb is sealed.
Where, then lies the answer?
In choice.
Which shall it be:
Bankruptcy of Purse
or Bankruptcy of Life?
Sterling Hayden
#64. State ownership! It leads only to absurd and monstrous conclusions; state ownership means state monopoly, concentrated in the hands of one party and its adherents, and that state brings only ruin and bankruptcy to all.
Benito Mussolini
#65. This program that the Republican majority has taken us toward as a country is leading us to fiscal bankruptcy.
Chaka Fattah
#66. Terrorism, War & Bankruptcy are caused by the privatization of money, issued as a debt and compounded by interest.
Napoleon Bonaparte
#67. Climate change has a very high procrastination penalty that just grows with each passing year of inaction - rather like what happens if you don't pay off your credit card. But for climate, there is no such thing as a fresh start from bankruptcy.
William H. Calvin
#68. Why are you afraid? This is where you get it out of your system: bankruptcy, unfulfilled potential, trashing your reputation, losing it all. And then (because we just can't stop there), you're going to apply some simple analysis to it.You may have nothing to fear after all.
Danielle LaPorte
#69. If we don't change, millions of American families are just one medical emergency, or one layoff, away from financial disaster and bankruptcy.
Jim Cooper
#70. For the personality, bankruptcy or failure may be a disaster. For the soul, it may be grist for its strangely joyful mill, and a condition it has been secretly engineering for years.
David Whyte
#71. Eventually, in the 1780s, Louis XVI, who had ascended to the throne on his grandfather's death, realised that half his annual budget was tied to servicing the interest on his loans, and that he was heading towards bankruptcy.
Yuval Noah Harari
#72. We have been in recess since July, and during that time there have been a fuel crisis, a Danish no vote, the collapse of the Euro and a war in the middle east, but what is our business tomorrow? The Insolvency Bill [Lords]. It ought be called the Bankruptcy Bill [Commons], because we play no role.
Tony Benn
#73. The twentieth century was the bankruptcy of the social utopia; the twenty-first will be that of the technological one.
Nassim Nicholas Taleb
#74. In 1997, the National Bankruptcy Review Commission recommended that chapter 12 of the Federal Bankruptcy Code, the chapter that contains bankruptcy protection for family farmers, be made permanent.
Tim Holden
#75. A normal way that the American free market system has worked is that we have a process of unwinding. It's called bankruptcy. It doesn't mean, necessarily, that the industry is eclipsed or that it's gone. Often times, the phoenix rises out of the ashes.
Michele Bachmann
#76. Love is the most valuable currency of life which you can spend as much as you want without the risk of bankruptcy.
Debasish Mridha
#77. There are lots of businesses that are well in excess of $9 billion that have gone into bankruptcy, that have been mismanaged. And that has not served anyone very well.
Roger Goodell
#78. Best hope for what, Catman? Death? Bankruptcy? You know, my life was going along ... well, rather crappily, to be honest, but at least no one was trying to kill me and no one was dying around me. Since I met you, my life has taken the high road to Shitsville, with no off-ramp in sight. (Susan)
Sherrilyn Kenyon
#79. Excessive hype, bankruptcy, cash burning like autumn leaves - such is the stuff of short-selling.
Gary Weiss
#80. The right hon. Gentleman will be known for ever as the only Chancellor in the post-war period who brought this country to the brink of bankruptcy.
Denis Healey
#81. 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.
Anne M. Mulcahy
#82. It is understandable that the Fed injects cash to avoid the collapse of the stock market, but basically it is bad policy for monetary authorities to intervene to save speculators from bankruptcy. This is not their role.
Maurice Allais
#83. As I think through the issue of funding the rebuilding of Iraq, I think about the analogy of a bankruptcy proceeding. There is no doubt that Iraq as a country is bankrupt.
Arlen Specter
#84. There's only one thing you can do in bankruptcy: break your word, break your deals. It allows you to say to the small businesses, who have been catering lunches for you, 'Sorry, we're not paying you.' It allows you to go to the workers and say, 'Sorry, we're not paying you.'
Barney Frank
#85. 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
#86. When people are collecting gold they aren't doing business ... Gold is constipation: even bankruptcy is more fluid. Gold isn't wealth: positions in markets are wealth.
Christina Stead
#87. Ward Churchill might be more valuable to the opponents of the academic left employed than unemployed. Above all, he can serve as a living window into the intellectual, moral, and political bankruptcy of the left.
Mort Kondracke
#88. The middle years - the eighteen-seventies, 'eighties, 'nineties - were a time of moral bankruptcy when men stole millions by a stroke of the pen or by the simple expedient of printing tons of worthless paper.
Frank Yerby
#89. In 1958, my father invested everything he had in a business venture and became the largest automobile dealership in Chicago for Ford's new Edsel line. But Edsel sales plummeted and my father fell into bankruptcy. I watched him struggle; working long hours to protect us from poverty.
Radhanath Swami
#91. You have horrible taste in sensible footwear. Prefer high-pressure sexual advances to gentlemanly overtures. Can order a poor man into bankruptcy. Have questionable judgment when it comes to choosing travel companions." I
Alessandra Torre
#92. Half of all people who go bankrupt cite a medical problem as one of the things that drove them into bankruptcy.
Amelia Warren Tyagi
#93. The people who are filing for bankruptcy in increasing numbers every year, it's not the poorest. It's not the people at the economic fringes. It's people who worked hard and played by the rules.
Elizabeth Warren
#94. Catholic dioceses typically spent hundreds of thousands of dollars recklessly, then filed for bankruptcy. The goal was to avoid the money going to the hands of victims of predator priests.
Dan Rather
#95. The Eternal way allows you to have all the success you want in life WITHOUT the pain and inner bankruptcy.
Michael Mackintosh
#96. Even if the government spends itself into bankruptcy and the economy still does not recover, Keynesians can always say that it would have worked if only the government had spent more.
Thomas Sowell
#97. We added Medicare Part D to a system facing bankruptcy and gave no thought to means testing it.
Bob Inglis
#98. I was able to solve enough big problems along the way that the sheriff didn't come along and put the 'bankruptcy' sign up.
Fred DeLuca
#99. What I call bankruptcy of inventiveness is often the result of a failure to set aside the resources necessary to let invention happen. The principal resource needed for invention is slack. When companies can't invent, it's usually because their people are too damn busy.
Tom DeMarco
#100. Bankruptcy and repudiation are the springboards from which much of our civilization vaults and turns its somersets, but the savagestands on the unelastic plank of famine.
Henry David Thoreau
