Top Bankruptcy Quotes

Browse top 61 famous quotes and sayings about Bankruptcy by most favorite authors.

Favorite Bankruptcy Quotes

1. "We have been trying to apply machine-age methods to our relations with God. We read our chapter, have our short devotions and rush away, hoping to make up for our deep inward bankruptcy by attending another gospel meeting or listening to another thrilling story told by a religious adventurer lately returned from afar."
Author: A.W. Tozer
2. "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)"
Author: Arnaldur Indriðason
3. "While big corporations make huge, tax-free profits, taxes for the everyday working person skyrocket. While politicians take free trips around the world, those same politicians cut back food stamps for the poor. While politicians increase their salaries, millions of people are being laid off. This city is on the brink of bankruptcy, and yet hundreds of thousands of dollars are being spent on this trial. I do not understand a government so willing to spend millions of dollars on arms, to explore outer space, even the planet Jupiter, and at the same time close down day care centers and fire stations."
Author: Assata Shakur
4. "Medical debts are the number-one cause of bankruptcy in America."
Author: Barbara Ehrenreich
5. "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."
Author: Benito Mussolini
6. "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."
Author: Bill Frist
7. "We added Medicare Part D to a system facing bankruptcy and gave no thought to means testing it."
Author: Bob Inglis
8. "Nevada was hit hardest by the recession - highest unemployment, highest foreclosure rate, highest bankruptcy rate."
Author: Brian Sandoval
9. "This program that the Republican majority has taken us toward as a country is leading us to fiscal bankruptcy."
Author: Chaka Fattah
10. "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."
Author: Chris Christie
11. "Al Gore may think Medicare is at a crossroads, but his plan puts it on a highway to bankruptcy."
Author: Dan Bartlett
12. "Five thousand people every day lose their home because of a medical bankruptcy. Most of them had insurance."
Author: Debbie Stabenow
13. "We were taking out mortgages we couldn't afford because they were camouflaged to look as if we had a reasonable chance of paying them back. Banks then changed the bankruptcy laws so that we could not get out of our obligations once the rates changed. Lastly, they sold us back our own mortgages, shifting back to us any of the risk through our money-market accounts and pension funds."
Author: Douglas Rushkoff
14. "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."
Author: Edward Whitacre Jr.
15. "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."
Author: Felix Rohatyn
16. "Capitalism without bankruptcy is like Christianity without hell."
Author: Frank Borman
17. "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."
Author: Gerard Arpey
18. "A bankruptcy judge can fix your balance sheet, but he cannot fix your company."
Author: Gordon Bethune
19. "A Fed loan to Lehman Brothers would not have prevented a bankruptcy."
Author: Henry Paulson
20. "Bankruptcy is a serious decision that people have to make."
Author: Herb Kohl
21. "If there was a spectre haunting France in the 1780's, it was not that of revolution but that of state bankruptcy. The whole social and political structure of France stood in the way of tapping the wealth of the better-off, the only sure way of emerging from the financial impasse."
Author: J.M. Roberts
22. "People are continually pointing out to me the wretchedness of white people in order to console me for the wretchedness of blacks. But an itemized account of the American failure does not console me and it should not console anyone else. That hundreds of thousands of white people are living, in effect, no better than the "niggers" is not a fact to be regarded with complacency. The social and moral bankruptcy suggested by this fact is of the bitterest, most terrifying kind."
Author: James Baldwin
23. "Capitalism has resulted in materialwell-being but spiritual bankruptcy."
Author: Jeffrey Eugenides
24. "Restrict bankruptcy rules."
Author: Jerry Weller
25. "If we don't change, millions of American families are just one medical emergency, or one layoff, away from financial disaster and bankruptcy."
Author: Jim Cooper
26. "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."
Author: Joe Miller
27. "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."
Author: John Conyers
28. "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."
Author: Josiah Warren
29. "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."
Author: Karen Russell
30. "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."
Author: Lucas Papademos
31. "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."
Author: Mort Kondracke
32. "If we didn't have greed, market economies wouldn't be as innovative as they are. But in my view, greed has to be contained by the fear of losses, so there has to be a system where, if you take too much risk, you go into bankruptcy. You don't systematically bail out people who take excessive risks."
Author: Nouriel Roubini
33. "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."
Author: Radhanath Swami
34. "An expenditure of words without income of ideas will lead to intellectual bankruptcy."
Author: Ravi Zacharias
35. "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."
Author: Richard Mourdock
36. "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."
Author: Rob Bell
37. "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."
Author: Roger Lowenstein
38. "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."
Author: Ron Paul
39. "Helen opened her eyes and gazed into the luminous blue of the sky. Was it crazy, she wondered, to be as grateful as she felt now, for moments like this, in a world that had atomic bombs in it—and concentration camps, and gas chambers? People were still tearing each other into pieces. There was still murder, starvation, unrest, in Poland, Palestine, India—God knew where else. Britain itself was sliding into bankruptcy and decay. Was it a kind of idiocy or selfishness, to want to be able to give yourself over to the trifles: to the parp of the Regent's Park Band; to the sun on your face, the prickle of grass beneath your heels, the movement of cloudy beer in your veins, the secret closeness of your lover? Or were those trifles all you had? Oughtn't you, precisely, to preserve them? To make little crystal drops of them, that you could keep, like charms on a bracelet, to tell against danger when next it came?"
Author: Sarah Waters
40. "Together with a team of financial and legal experts I have spent months exploring all possible alternatives to bankruptcy but to no avail."
Author: Shane Filan
41. "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."
Author: Shelley Berman
42. "The years thunder by.The dreams of youth grow dimwhere they liecaked 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 Purseor Bankruptcy of Life?"
Author: Sterling Hayden In Wanderer
43. "This filing spike is a result of bad information being pushed on people, and then they file for bankruptcy out of fear."
Author: Steve Bartlett
44. "Respondents had been so overwhelmed by their in-box they'd declared "e-mail bankruptcy."
Author: Susan Maushart
45. "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"
Author: Terry Pratchett
46. "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."
Author: Tim Holden
47. "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."
Author: Tim Johnson
48. "We cannot allow the bankruptcy of a euro member state like Greece to turn into a second Lehman Brothers."
Author: Wolfgang Schauble
49. "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."
Author: Wolfgang Schauble
50. "His lack of education is more than compensated for by his keenly developed moral bankruptcy."
Author: Woody Allen

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You know what's truly weird about any financial crisis? We made it up. Currency, money, finance, they're all social inventions. When the sun comes up in the morning it's shining on the same physical landscape, all the atoms are in place."
Author: Bruce Sterling

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