Bankruptcy Quotations | Page 4

The empty suits at UAL world headquarters are dropping their bags of money only long enough to pat themselves on the back for a job well done. The fact is that United survived in spite of its current leadership, not because of it. The true heroes of this shameful bankruptcy ordeal are the IAM members and other front-line employees who work every day at reduced rates while delivering a first-rate product.

The impact of the change in bankruptcy laws and changes in our practices for overdraft charge-offs and over-limit credit card fees reduced pretax results by about $320 million. In addition, we had a weak trading quarter that was well under our performance in recent quarters. The bankruptcy issue will not recur and should actually benefit us going forward as we expect a reduced level of bankruptcy filings under the new law.

Although GM has almost $17 billion of cash, it could run through that amount very quickly in a strike scenario, accelerating the time frame for a bankruptcy filing.

You watch. The first thing these airlines will do when they get on the other side of bankruptcy will be to announce exciting new growth opportunities. We'll be off to the races again and headed for another restructuring.

All you have to do is declare bankruptcy and you can run away from your contract, so the retirees expect the leaders will have to do something to avoid G.M. declaring bankruptcy.

The combination of the loss of $30 million of revenue and the reduction in our fleet size by at least 28 percent has left us with no choice but to take this difficult step. We view bankruptcy as a last resort, but a necessary one because no other alternatives would allow us to change as rapidly as we need to.

The change is being driven by what we believe were inappropriate actions taken by Fifth Third after our bankruptcy filing.

The company could be sold, but a buyer would only do that with a bankruptcy filing,

The company is anxious to get out of bankruptcy and to bring itself into compliance with the environment. This should happen in a matter of months.

All of the American people stand to lose if we allow a short-term crisis to drive thousands of small family farmers into bankruptcy and off the farm,

All the major airlines, Southwest excepted, will be in Chapter 11 bankruptcy sometime in the next five years, ... But for those already leaning on the edge, this makes it a very simple decision for them.

The market has priced out near-term bankruptcy risk. But the company still has industry risk, execution risk and turnaround risk.

The law has a one-size-fits-all approach, ... It treats people who have been hit by hurricanes in the same fashion as people who have ended up in bankruptcy from gambling or overspending or misusing the credit they were given.

Renunciation of thinking is a declaration of spiritual bankruptcy.

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.

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