Bankrupt Quotations

While many are focusing on the infamous bankrupt entities as the primary culprits for the market losses, once must recognize that several companies that have not been besieged by fraud allegations have also lost billions in value.

We've avoided the fate of other bankrupt carriers. We're still in the game.

One thing is sure, bankruptcy court is unlike any other law it really can have real life implications for everyone.

I think what you see in the bankruptcy rate is just a result of everything piling up on people, ... I suspect it is just a cumulative effect of an unbudgeted jump in expenses for daily living.

I think a lot of people want to know if they're with somebody who has a kid somewhere and owes 10 years of back child support, or filed for bankruptcy years back and just neglected to tell you. A lot of people don't know how to ask those questions. That's what I do.

Other countries around the world make employees and retirees first in the priority. For example, in Mexico, the bankruptcy laws say if a company wants to go bankrupt... obligations to employees and retirees will have a first priority. That has an effect on every negotiation that takes place with every company in Mexico.

People wait until the last minute to go to the bankruptcy lawyer's office because they don't want to be in the bankruptcy lawyer's office. We're hoping that people recognize that bankruptcy is still an option for them, and that if their home is at stake, that they need to get in earlier to get it done.

People who are always making allowances for themselves soon go bankrupt

Kmart went into bankruptcy a cadaver and it'll come out of it a cadaver,

Kmart's significant losses and sales decline in the first quarter reflect the many challenges the company faced in the period following our voluntary Chapter 11 filing, ... These challenges included reduced inventory levels as vendors withheld shipments in the early days of the reorganization and reduced store traffic arising from the bankruptcy filing.