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Bankruptcy Quotes


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His lack of education is more than compensated for by his keenly developed moral bankruptcy.

- Woody Allen

I see that Mike Tyson has just filed for Chapter 11 bankruptcy. It marks the first time that Mike Tyson has made it to Chapter 11 in anything.

- Jay Leno
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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

They have to have sufficient detail in their plan to both satisfy the court and get the funds they need to exit bankruptcy. They need to show that they have a plan that will function properly for the longer term.

- Michael Allen

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.

- Michael Cox

It was a hard adjustment, I didn`t really have any friends and people seem to think you`re rich because they`ve seen you on TV, but actually, I wasn`t. I never saw a cent of the money I`d earned on `Family Matters. When I turned 20 my family filed for bankruptcy and a judge allowed my money from my trust fund to go toward bailing the family of out of debt. All of my money went to cover the bankruptcy. I couldn`t believe it. In an instant I was dead broke.`

- Jaimee Foxworth

Bankruptcy represents a longstanding commitment in this country to helping people get a fresh start. This principle has never been giving only certain people a fresh start.

- Tim Johnson

What is the harm of doing the right thing? What is the harm of doing our job as legislators and making sure we do not stick the entire bankruptcy community with these provisions that do not make any sense?

- Russ Feingold

The entire exhibitions industry in the United States of America has filed for bankruptcy.

- Jeffrey Katzenberg

The obligations of our representatives in Washington are to protect our liberty, not coddle the world, precipitating no-win wars, while bringing bankruptcy and economic turmoil to our people.

- Ron Paul
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The moral and constitutional obligations of our representatives in Washington are to protect our liberty, not coddle the world, precipitating no-win wars, while bringing bankruptcy and economic turmoil to our people.

- Ron Paul
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So that this thing that aired in 1963 would result a few years later in personal bankruptcy, would result in having people be on edge with me, wondering when I`m going to blow up.

- Shelley Berman

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

Filings are up solely because of the bankruptcy reform act.

- Terry Miller

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

- Cherry Hill

From setting up a business, through dealing better with construction licenses, improving property registration, hiring new workers, to paying taxes, contract enforcement and bankruptcy and access to credit - Serbia and Montenegro covered the waterfront.

- Michael Klein

The only thing we know is the company is trying do anything to try to salvage this deal to stay out of bankruptcy.

- John Richards

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

- Tom McCarthy

Today, certain people file for bankruptcy, businesses and individuals, and it no longer has the stigma it once had. Now it`s almost considered wise, a way to regroup and come back again.

- David Dinkins

They have no plan for Amtrak other than bankruptcy,

- David Gunn

I`ve gotten a better response since the bankruptcy filings.

- 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.

- Tom Price

Family responsibility, yes, and always. Family bankruptcy due to the cruel rules of government, no.

- Al Jefferson

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.

- Al Siebert

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.

- Alan Oatsvall

However, the economics of our business continued to deteriorate. We barely escaped bankruptcy a year ago, and in the aftermath of that escape we had to make some even tougher decisions.

- Alex Ramsey

Bankruptcy is a serious decision that people have to make.

- Alexandra Larsen

Restrict bankruptcy rules.

- Ali Taqi
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In this most powerful nation in the world, lack of access to health care should not force local and state governments, companies and workers into bankruptcy, while causing unnecessary illness and hospitalization.

- Alireza Jafarzadeh

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.

- Alleggrie Guinn

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.

- Ambesse Tolossa

The administration in my view is once again manufacturing a crisis. There is no crisis in the Social Security system. The system is not on the verge of bankruptcy.

- Amy Canaday

We are confronting a situation in which the Administration, in my view, is once again manufacturing a crisis. There is no crisis in the Social Security system. The system is not on the verge of bankruptcy.

- Amy Canaday

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.

- Andrew McKee

We do not believe that ALPA has the legal right to strike if the bankruptcy court judge allows the airline to abrogate its current contract.

- Andrew Weinstein

The bankruptcy surge in 2005 will give us a benefit.

- Angie Cunningham

Bankruptcy is totally out of the question. We have never contemplated it.

- Anne Raver

They turned the bankruptcy courts into collection agencies for credit card companies. That means there`s less protection for victims of Katrina.

- Antonio Bandares

Albany`s changes to the homestead protection are far more important in the long run than Washington`s changes to the bankruptcy laws, ... An increase in the state homestead exemption tells families: Keep your home safe; don`t keep borrowing against it.

- Antonio Bandares

With these filings before the court, the countdown has begun, ... We expect to formally exit bankruptcy in early 2006, with a target exit date of February 1.

- Arabian Nights

We expect to formally exit bankruptcy in early 2006, with a target exit date of February 1st.

- Arabian Nights

With these filings before the court, the countdown has begun, ... We expect to formally exit bankruptcy in early 2006, with a target exit date of February 1st.

- Arabian Nights

If someone in Katrina is down and out, and has no possibility of being able to repay 40 percent or more of their debts, then the new bankruptcy law doesn`t apply,

- Armand Hammer

If United were to slip into Chapter 7 bankruptcy and go out of business, the loss of this competitor would surely push up prices.

- Arvel McElroy

There is a good bit of misinformation out there. There are people who don`t understand the basic tenets of the bill. Statistically, 80 percent of (people filing for bankruptcy) make less than their state`s median income.

- Ashlea Williams

The people coming out of bankruptcy need an opportunity to get back on their feet. If you take away the opportunity to get credit, it`s like taking away the want ads from a job-seeker.

- Ashlea Williams

The (new bankruptcy) law, ... is really targeted at the 5 (percent) to 10 percent of people who were abusing the system.

- Ashlea Williams

The people coming out of bankruptcy need an opportunity to get back on their feet.

- Ashlea Williams

We have not hired and not consulted (bankruptcy attorneys), and you can understand why that`s not needed, with over $7 billion in cash and debt repayment cycles we can handle.

- Ashya Diar Sugu

It hurts everybody when somebody declares bankruptcy, ... It is harder on small businesses, no doubt, because they have fewer people to spread the work out of collection. It used to be that people would declare Chapter 7 and walk away from it. The objective of the new law is that people don`t walk away from it and leave other people holding the bag.

- Athena Hrevatis