Bankruptcy Quotes

I have never seen more Senators express discontent with their jobs ... I think the major cause is that, deep down in our hearts, we have been accomplices in doing something terrible and unforgivable to our wonderful country. Deep down in our heart, we know that we have given our children a legacy of bankruptcy. We have defrauded our country to get ourselves elected. ~ John C. Danforth

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. ~ Paul Sarbanes

It is ironic that Keynesianism originated as a weapon to combat depression, but became universally accepted and "successful" only during (and because of!) the postwar expansion. At the first sign of renewed world recession, Keynesian theory has proved itself to be a snare and a delusion that has gone into immediate bankruptcy. The resulting "post-Keynesian synthesis" is also the theoretical reason for the reactionary exhumation of the simplistic, neoclassical, and monetarist economic theory of the 1920s. This revival of old theory is highlighted by the award of Nobel prizes in economics to Friedrich von Hayek, whose theoretical work was done before the Great Depression, and Milton Friedman, whose lone voice echoed in the wilderness until the new world economic crisis put his unpopular and antipopulist theories on the agenda of business board rooms and government cabinet rooms in one capitalist country after another. The real reason for the recent interest in fifty-year-old theories is that capital now wants them to legitimize its attack on the welfare state and "unproductive" expenditures on social services, which capital claims to need for "productive" investment in industry, including armaments. ~ Andre Gunder Frank

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

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

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

The twentieth century was the bankruptcy of the social utopia; the twenty-first will be that of the technological one. ~ Nassim Nicholas Taleb

An expenditure of words without income of ideas will lead to intellectual bankruptcy. ~ Ravi Zacharias

Unlimited activity, of whatever kind, must end in bankruptcy. ~ Johann Wolfgang Von Goethe

In this book, the history of American religion is the history of human actions and human organizations, not the history of ideas (refined or otherwise). But this is not to say that we regard theology as unimportant. To the contrary, we shall argue repeatedly that religious organizations can thrive only to the extent that they have a theology that can comfort souls and motivate sacrifice. In a sense, then, we are urging an underlying model of religious history that is the exact opposite of one based on progress through theological refinement. We shall present compelling evidence that theological refinement is the kind of progress that results in organizational bankruptcy. ~ Roger Finke

The peace we are offered is not a peace that is free from tragedy, illness, bankruptcy, divorce, depression, or heartache. It is peace rooted in the trust that the life Jesus gives us is deeper, wider, stronger, and more enduring than whatever our current circumstances are, because all we see is not all there is and the last word about us and our struggle has not yet been spoken. ~ Rob Bell

There are few experiences in life as painful and brutal as the failure of a small business. For a small business conceived and nurtured by its owner is like a living, breathing child. Its loss is no less traumatic than losing a loved one. ~ William Manchee

The immense and ever increasing sums which the state wrings from the people are never enough for it; it mortgages the income of future generations, and steers resolutely toward bankruptcy. ~ Peter Kropotkin

Some made the long drop from the apartment or the office window; some took it quietly in two-car garages with the motor running; some used the native tradition of the Colt or Smith and Wesson; those well-constructed implements that end insomnia, terminate remorse, cure cancer, avoid bankruptcy, and blast an exit from intolerable positions by the pressure of a finger; those admirable American instruments so easily carried, so sure of effect, so well designed to end the American dream when it becomes a nightmare, their only drawback the mess they leave for relatives to clean up. ~ Ernest Hemingway,

Before I went to college I read two books. I read a book "Moral Mazes" by Robert Jackall which is a study of how corporations work, and it's actually a fascinating book, this sociologist, he just picks a corporation at random and just goes and studies the middle managers, not the people who do any of the grunt work and not the big decision makers, just the people whose job is to make sure that things day to day get done, and he shows how even though they're all perfectly reasonable people, perfectly nice people you'd be happy to meet any of them, all the things that they were accomplishing were just incredibly evil. So you have these people in this average corporation, they were making decisions to blow out their worker's eardrums in the factory, to poison the lakes and the lagoons nearby, to make these products that are filled with toxic chemicals that poisoned their customers, not because any of them were bad people and wanted to kill their workers and their neighbourhood and their customers, but just because that was the logic of the situation they were in.

Another book I read was a book "Understanding Power" by Noam Chomsky which kind of took the same sort of analysis but applied it to wider society which you know we're in a situation where it may be filled with perfectly good people but they're in these structures that cause them to continually do evil, to invade countries, to bomb people, to take money from poor people and give it to rich people, to do all th ~ Aaron Swartz

The Eternal way allows you to have all the success you want in life WITHOUT the pain and inner bankruptcy. ~ Michael Mackintosh

I often say to entrepreneurs, 'If Lehman Brothers were Lehman Brothers & Sisters, it wouldn't have gone into bankruptcy.' ~ Shinzo Abe

Moreover, an archetype exists in the nation's consciousness that connects student loan debt with irresponsibility. This is a result of well-publicized accounts of loan defaults in decades past in which students took out loans with no intention of ever paying them back and simply filed for bankruptcy after graduation. This perception was sufficiently strong that in the 1970s, Congress was convinced to remove bankruptcy protections from student loans. However, according to a March 2007 paper by John A. E. Pottow of the University of Michigan, this perception had a fatal flaw: "The fatal problem is that there are no empirical data to buttress the myth that students defraud creditors any more than other debtors."1 In fact, it was shown that when student loans were dischargeable in bankruptcy, there was a less than 1 percent bankruptcy rate among student debtors.2 Nevertheless, this misconception has been so often repeated that it is now indelibly etched in the public's mind. ~ Alan Collinge

To answer brutality with brutality is to admit one's moral and intellectual bankruptcy. ~ Mahatma Gandhi

Love is the most valuable currency of life which you can spend as much as you want without the risk of bankruptcy. ~ Debasish Mridha

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

When we finally have this recall election in October, there could be as many as 200 people on the ballot. And you know what's really scary? Most of them don't know the first thing about driving a state into bankruptcy. They're not experts like Governor Gray Davis. ~ Jay Leno

All cases, therefore, the use-value of the labour-power is advanced to the capitalist: the labourer allows the buyer to consume it before he receives payment of the price; he everywhere gives credit to the capitalist. That this credit is no mere fiction, is shown not only by the occasional loss of wages on the bankruptcy of the capitalist,[181] but also by a series of more enduring consequences. ~ Karl Marx

He does love prophesying a misfortune, does the average British ghost. Send him out to prognosticate trouble to somebody, and he is happy. Let him force his way into a peaceful home, and turn the whole house upside down by foretelling a funeral, or predicting a bankruptcy, or hinting at a coming disgrace, or some other terrible disaster, about which nobody in their senses would want to know sooner than they could possible help, and the prior knowledge of which can serve no useful purpose whatsoever, and he feels that he is combining duty with pleasure. He would never forgive himself if anybody in his family had a trouble and he had not been there for a couple of months beforehand, doing silly tricks on the lawn or balancing himself on somebody's bedrail.

("Introduction" to TOLD AFTER SUPPER) ~ Jerome K. Jerome

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

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

We [Americans] inherited British law, which is like the new "reforms" that are being made now, in the sense that people are permanently entrapped in debt, if they once fall into bankruptcy. The reason that the law was changed in American history - the whole early period of the formation of the country was moving away from British law into a law that is generated here and that conforms to the sense of what is appropriate here. ~ Marilynne Robinson

Dear Francesca, tell me, is this a succesful party, in your view? Is this the best we can do? I know that you have always wanted to meet Kong; now that you have met him and he has said whatever he has said to you (I saw you smiling), can we go home? I mean you to your home, me to my home, all these others to their own homes, cells, cages? I am feeling a little ragged. What made us think that we could escape things like bankruptcy, alcoholism, being dissapointed, having children? Say 'No,' refuse me once and for all, let me try something else. Of course we did everything right, insofar as we were able to imagine what 'right' was. Is it really important to know that this movie is fine, and that one terrible, and to talk intelligently about the difference? Wonderful elegance! No good at all! ~ Donald Barthelme

This program that the Republican majority has taken us toward as a country is leading us to fiscal bankruptcy. ~ Chaka Fattah

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

If we are to make progress, we must not repeat history but make new history. We must add to the inheritance left by our ancestors. If we may make new discoveries and inventions in the phenomenal world, must we declare our bankruptcy in the spiritual domain? Is ~ Paramahansa Yogananda

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. ~ John Conyers

I can't tell you how many home businesses are almost in bankruptcy court over a Yellow Pages ad only to find out that the Yellow Pages ad isn't where their market will look for them, and it cost more than they thought. ~ Dave Ramsey

On the other hand it is probably safe to assume that Rembrandt and Spinoza surely would have at least passed on the street, now and again.
Or even run into each other quite frequently, if only at some neighborhood shop or other.
And certainly they would have exchanged amenities as well, after a time.
Good morning, Rembrandt. Good morning to you, Spinoza.
I was extremely sorry to hear about your bankruptcy, Rembrandt. I was extremely sorry to hear about your excommunication, Spinoza.
Do have a good day, Rembrandt. Do have the same, Spinoza.
All of this would have been said in Dutch, incidentally.
I mention that simply because it is known that Rembrandt did not speak any other language except Dutch.
Even if Spinoza may have preferred Latin. Or Jewish. ~ David Markson

I feel somewhat responsible for the Borders Books bankruptcy. ~ Susan Orlean

I was expecting a rather long visit to Bankruptcy Court at the time, and this interruption seemed almost providential. ~ Arthur Conan Doyle

Lastly, there is bankruptcy, as the United States pours its economic resources into ever more grandiose military projects and shortchanges the education, health, and safety of its citizens. ~ Chalmers Johnson

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

It was like a page out of the telephone book. Alphabetically, numerically, statistically, it made sense. But when you looked at it up close, when you examined the pages separately, or the parts separately, when you examined one lone individual and what constituted him, examined the air he breathed, the life he led, the chances he risked, you saw something so foul and degrading, so low, so miserable, so utterly hopeless and senseless, that it was worse than looking into a volcano.
Outwardly it seems to be a beautiful honeycomb, with all the drones crawling over each other in a frenzy of work; inwardly it's a slaughterhouse, each man killing off his neighbor and sucking the juice from his bones. Superficially it looks like a bold, masculine world; actually it's a whorehouse run by women, with the native sons acting as pimps and the bloody foreigners selling their flesh... The whole continent is sound asleep and in that sleep a grand nightmare is taking place…
At night the streets of New York reflect the crucifixion and death of Christ. When the snow is on the ground and there is the utmost silence there comes out of the hideous buildings of New York a music of such sullen despair and bankruptcy as to make the flesh shrivel. No stone was laid upon another with love or reverence; no street was laid for dance or joy. One thing has been added to another in a mad scramble to fill the belly, and the streets smell of empty bellies and full bellies and bellies half full. Th ~ Henry Miller

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

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

Respondents had been so overwhelmed by their in-box they'd declared e-mail bankruptcy. ~ Susan Maushart

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. ~ Suze Orman

Bankruptcy is about financial death and financial rebirth. Bankruptcy is the great American story rewritten. We're a nation of debtors. ~ Elizabeth Warren

The welfare state is the bankruptcy law for workers ~ Ha-Joon Chang

No hard figures are available on how much was actually paid out or how many Friends complied with the request of their Yearly Meeting. For those who did pay their slaves, it was common to use the yearly wage of the day. We do know that one Mr. F. Buxton, in an appeal before the British House of Commons to abolish slavery, said that it had cost North Carolina Friends fifty thousand pounds to release their slaves.14 For some southern Friends emancipation of their slaves meant financial bankruptcy; for many, if not most, it meant eventual migration to the North. ~ Richard J. Foster

But again, you know, the views that we've expressed are transferring power back from the federal government to the states, giving Alaska an incredible opportunity to expand its economy, especially at a time when our federal government is coming close to bankruptcy. So that is a broad-based appeal. It's not an extreme view. ~ Joe Miller

The company, Tiffany Studios, ended up in bankruptcy in 1930 - early '30s. ~ Susan Vreeland

Those who fail to exhibit positive attitudes, no matter the external reality, are seen as maladjusted and in need of assistance. Their attitudes need correction. Once we adopt an upbeat vision of reality, positive things will happen. This belief encourages us to flee from reality when reality does not elicit positive feelings. These specialists in "happiness" have formulated something they call the "Law of Attraction." It argues that we attract those things in life, whether it is money, relationships or employment, which we focus on. Suddenly, abused and battered wives or children, the unemployed, the depressed and mentally ill, the illiterate, the lonely, those grieving for lost loved ones, those crushed by poverty, the terminally ill, those fighting with addictions, those suffering from trauma, those trapped in menial and poorly paid jobs, those whose homes are in foreclosure or who are filing for bankruptcy because they cannot pay their medical bills, are to blame for their negativity. The ideology justifies the cruelty of unfettered capitalism, shifting the blame from the power elite to those they oppress. And many of us have internalized this pernicious message, which in times of difficulty leads to personal despair, passivity and disillusionment. ~ Chris Hedges

The CEOs of every major Wall Street firm were also on the wrong end of the gamble. All of them, without exception, either ran their public corporations into bankruptcy or were saved from bankruptcy by the United States government. They all got rich, too. ~ Michael Lewis

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

I was brought in by the White House as GM's chairman in 2009, around the time of the bankruptcy, and became CEO later that year. As a company, we were grateful for the government's support. But as GM's financial health began to improve, I could detect no real sense of urgency, or even interest, on the part of the government to relinquish control. ~ Edward Whitacre, Jr.

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

It is said that the world is in a state of bankruptcy, that the world owes the world more than the world can pay. ~ Ralph Waldo Emerson

We must have an economy that does not force the migrant worker's child to miss school in order to earn ... just so the family can eat. That is the moral bankruptcy that trickle-down economics is all about. ~ Barbara Jordan

We invest in undervalued companies that exhibit strong fundamentals, above-market dividend yields and historic earnings growth, which our analysis indicates will persist. Our strategy is to own strong, fundamentally sound companies and to avoid speculative stocks or potential bankruptcies. ~ David Dreman

When an American declares bankruptcy, when he hits bottom, he can reinvent himself. There's a story he can tell. We tolerate reinvention. We encourage reinvention. That's what this country has that Europe does not. It's not just a crisis; it's an opportunity. ~ Michael Lewis

The fury with which Japan unleashed itself upon international trade, the kind of economic Darwinism that was at the center of its impulse, originally came not just from each company's desire to conquer the world but from its desire to take market share away from domestic competitors. In Japan there was always someone ready to undersell someone else, and there was always someone on the edge of bankruptcy. ~ David Halberstam

The coach passed by many buildings of this sort, which would no doubt be little palaces to the occupants, who had escaped from Cockbill Street and Pigsty Hill and all the other neighbourhoods where people still dreamed that they could 'better themselves', an achievement that might be attained, oh happy day, when they had 'a little place of their own'. It was an inspiring dream, if you didn't look too deeply into words like mortgage and repayments and repossession and bankruptcy, and the lower middle classes of Ankh-Morpork, who saw themselves as being trodden on by the class above and illegally robbed by the one below, lined up with borrowed money to purchase, by instalments, their own little Oi Dong ~ Terry Pratchett

In 1978, we adopted a new Bankruptcy Code in the United States, and a principal part of this was designed to adjust to the new corporation, to find ways to let a corporation that had gotten into financial trouble reorganize itself. A big part of the selling point on this bankruptcy law was, 'It will preserve jobs.' ~ Elizabeth Warren

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

Moral improvement (or perfecting) require an evolution leading to a higher consciousness, which is the true torch of life; it is what we have failed too much to appreciate, and that which would be fatal to fail to appreciate any longer ("pluslongtemps", Fr.); For if we do not take it upon ourselves to remedy in time to the moral colapse (or bankruptcy) that already threaten, the whole civilisation will risks to disappear. ~ African Spir

I was so glad I did Beauty and the Beast. I always wanted to act, and if the bankruptcy thing hadn't happened, I wouldn't have started acting. ~ Toni Braxton

The company later went broke, and of course all blame was directed at the lawyers. Not once did I hear any talk that maybe a trace of mismanagement could in any way have contributed to the bankruptcy. ~ John Grisham

If a company can declare bankruptcy, why can't a country do so? ~ Pope Francis

I spend my life constantly calling in 'imaginary' debts that aren't owed to me in order to avoid the 'real' debts that I owe to others, and so everybody ends up bankrupt. ~ Craig D. Lounsbrough

The psychological attitudes which are indispensable in the American market place are disastrous to family life. Family life ... requires yieldingness, generosity, sympathy, altruism, tenderness-all the qualities, in fact, which lead straight to bankruptcy ... the American family is tragically out of gear with the profit structure which has mushroomed up around it. ~ Margaret Halsey

Suicide may be a declaration of bankruptcy which passes judgement on a life as one long history of failures. But it is a history which also amounts at least to this one decision which, by its very finality, is not wholly a failure. Some kind of minimal freedom - the freedom to die in one's own way and in one's own time - has been salvaged from the wreck of all those unwanted necessities. ~ Al Alvarez

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

Bipartisanship has taken us to the brink of bankruptcy. We don't need bipartisanship, we need application of principle ... Where was the call for bipartisanship during the Obamacare debate? Not a single Republican voted for it. It wasn't about bipartisanship, it was about having the votes to dictate your will. ~ Richard Mourdock

Bankruptcies of governments have, on the whole, done less harm to mankind than their ability to raise loans. ~ R. H. Tawney

The moments of refinement conceal a death-principle: nothing is more fragile than subtlety. The abuse of it leads to the catechisms, an end to dialectical games, the collapse of an intellect which instinct no longer assists. The ancient philosophy, trapped in its scruples, had in spite of itself opened the way to the artlessness of the lower depths; religious sects pullulated; the schools gave way to the cults. An analogous defeat threatens us: already the ideologies are rampant, the degraded mythologies which will reduce and annihilate us. We shall not be able to sustain the ceremony of our contradictions much longer. Many are prepared to venerate any idol, to serve any truth, so long as one and the other be imposed upon them, so long as they need not make the effort to choose their shame or their disaster.
Whatever the world to come, the Western peoples will play in it the part of the Graeculi in the Roman Empire. Sought out and despised by the new conqueror, they will have, in order to impress him, only the jugglery of their intelligence or the luster of their past. The art of surviving oneself - they are already distinguished in that. Symptoms of exhaustion are everywhere: Germany has given her measure in music: what leads us to believe that she will excel in it again? She has used up the resources of her profundity, as France those of her elegance. Both - and with them, this entire corner of the world - are on the verge of bankruptcy, the most glamorous since antiq ~ Emil M. Cioran

Bankruptcy exposes the economic vulnerability and insecurity of middle class women. ~ Elizabeth Warren

I continued to work with uncertainty and the impending 90 days ticking away at the shelter. I didn't make enough money to pay rent in L.A., my employer was in a downward spiral, headed for bankruptcy and there was really nothing else keeping me in Hollywood. I didn't have a band, family or friends. The only people I associated with were coworkers at Tower and the drug addicts at the homeless shelter. And both were about to become history. I contemplated the scenario of not finding a place to rent and Tower Records going out of business. I had to figure out what I was going to do? Where was I going to go? I had to make a decisive, drastic decision! ~ K.D. Sanders

I can tell you that when you're counting every penny, knowing that you are a single bad decision away from bankruptcy, you inevitably lose focus on what really matters for your business. ~ Maelle Gavet

The state incurs debts for politics, war, and other higher causes and 'progress' ... The assumption is that the future will honour this relationship in perpetuity. The state has learned from the merchants and industrialists how to exploit credit; it defies the nation ever to let it go into bankruptcy. Alongside all swindlers the state now stands there as swindler-in-chief. ~ Jacob Burckhardt

It is generally accepted that divine service affords a legitimate opportunity for the congregation to assess not only the appearance, deportment, elegance and possible wealth of new arrivals to the parish, but the demeanour of any of their neighbours known to be in an interesting situation, ranging from pregnancy to bankruptcy. ~ P.D. James

A very difficult year is ahead of us. We must continue our efforts with decisiveness, to stay in the euro, to make sure we do not waste the sacrifices and do not turn the crisis into an uncontrolled and disastrous bankruptcy. ~ Lucas Papademos

We have a duty to ensure that patients don't have to worry whether they'll be dropped from their coverage if they get sick. Small business owners shouldn't have to break the bank to provide coverage to their employees. And families should not be forced into bankruptcy because of a medical crisis. ~ Jeff Merkley

More children will live through their parents' bankruptcy than will live through their parents' divorce. ~ Christine K. Jahnke

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

All economic activity is dependent upon that environment and its underlying resource base of forests, water, air, soil, and minerals. When the environment is finally forced to file for bankruptcy because its resource base has been polluted, degraded, dissipated, and irretrievably compromised, the economy goes into bankruptcy with it. ~ Gaylord Nelson

With money come the tests. My bankruptcy, which at the time I thought was a disaster, turned out to be a major blessing. It taught me so much! Money is not only an isolator, but it's a magnet, too. It draws all kinds of people to you - you may not want them but it draws them to you anyway. The reverse of that, a bankruptcy, sends everybody away. ~ Leslie Parrish

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

Bankruptcy cleans out the system. What's wrong with that? South
Korea went through this in the late 1990s. They didn't have anyone
to bail them out, and they had to go through the pain. Sweden did
it in the early 1990s. Mexico did it. Russia did it. The list goes on
and on. Competent people take over the assets from incompetent
people and rebuild from a solid base. Business has always been survival
of the fittest and Darwinism at its best. After all, this is what capitalism
is all about. ~ Ziad K. Abdelnour

There is a tendency in things to right themselves, and the war or revolution or bankruptcy that shatters rotten system, allows things to take a new and natural order. ~ Ralph Waldo Emerson

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

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

It was not like the old days and they both knew it. They were weighed down by the awareness of their failed relationship, of the wasted years, of the feelings that were no more, of the shared life that had unravelled. They were like weary receivers winding up a bankruptcy; all that remained was to tie up the loose ends and settle the final claims. (Black Skies) ~ Arnaldur Indridason

A year earlier, no company had been accorded more faith than Enron; by late November, none was trusted less. And so, a gasping gurgle, a desperate SOS: Enron, the emblem of free markets, the champion of deregulation, reached into its depleted treasury and forked over $100,000 to each of the major political parties' campaign war chests. Then, it shuttered its online trading unit - its erstwhile gem. On November 28, Standard & Poor's downgraded Enron to junk-bond level - which triggered provisions in Enron's debt requiring it to immediately repay billions of its obligations. This it could not do. Its stock was seventy cents and falling, and, now, no gatekeepers and no credit remained. Accordingly, in the first week of December, Enron, the archetype of shareholder value, availed itself of the time-honored protection for those who have lost their credit: bankruptcy. ~ Roger Lowenstein

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

Hundreds of our old neighbors, friends, coworkers, and teachers are new insomniacs. They file for dream bankruptcy, appeal for Slumber Corps aid, wait to be approved for a sleep donor. It is a special kind of homelessness, says our mayor, to be evicted from your dreams. I believe our mayor is both genuinely concerned for his insomniac constituency, and also pandering to a powerfully desperate new voting block. ~ Karen Russell

The incandescent, phosphorescent truth is that whatever you're facing – bankruptcy, unemployment, loss of a spouse – isn't going to kill you ~ Karl Wiggins

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

The consequences of inflation are malinvestment, waste, a wanton redistribution of wealth and income, the growth of speculation and gambling, immorality and corruption, disillusionment, social resentment, discontent, upheaval and riots, bankruptcy, increased government controls, and eventual collapse. ~ Henry Hazlitt

Nevada was hit hardest by the recession - highest unemployment, highest foreclosure rate, highest bankruptcy rate. ~ Brian Sandoval

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

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

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

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