Bankruptcy Quotes - Page 3

• Capitalism without failure is like religion without sin. Bankruptcies and losses concentrate the mind on prudent behavior.

  Allan H. Meltzer

  Loss, Mind, Liberty

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• As I've watched the Berlin Wall come down, the cry for freedom in China, and the eastern bloc nations, I rejoice, because I see the bankruptcy of Marxist-Leninism, socialism in this world.

  Jerry Falwell

  Wall, World, Cry

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• If you hear a good idea, capture it; write it down. Don't trust your memory. Then on a cold wintry evening, go back through your journal, the ideas that changed your life, the ideas that saved your marriage, the ideas that bailed you out of bankruptcy, the ideas that helped you become successful, the ideas that made you millions. What a good review-going back over the collection of ideas that you gathered over the years. So be a collector of good ideas for your business, for your relationships, for your future.

  Jim Rohn

  Motivational, Memories, Writing

  FaceBook post by Jim Rohn from Jan 31, 2013

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• We have to have structural entitlement reform, major spending cuts and not tax increase-retardants on economic growth to reverse our current course toward national bankruptcy, but Obama steadfastly remains on the wrong side of all these solutions.

  David Limbaugh

  Cutting, Growth, Reform

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• War is a bankruptcy of policy

  Hans von Seeckt

  War, Policy, Anti War

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• Once the settlement is completed, the credit card company will report it to the credit bureaus, which will then make a notation on your credit report that that account was paid by settlement. That's going to signal to future lenders that you left the last guy hanging. That's why, as with bankruptcy, debt settlement is an extreme option, one you shouldn't take lightly. It's not just an easy, cheap way to eliminate debt.

  Jean Chatzky

  Guy, Cards, Credit

  Source: www.nbcnews.com

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• The bankers might not have said it in so many words, but gradually their strategy emerged: Target families who were already in a little trouble, lend them more money, get them entangled in high fees and astronomical interest rates, and then block the doors to the bankruptcy exit if they really got in over their heads.

  Elizabeth Warren

  Block, Doors, Bankers

  Elizabeth Warren (2014). “A Fighting Chance”, p.44, Metropolitan Books

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• Even if you feel like your debt is just never going to go away, think long and hard before declaring bankruptcy. Declaring bankruptcy means that getting a loan for anything will be next to impossible for the next 10 years.

  Alexa Von Tobel

  Mean, Thinking, Years

  "Just in Time for Graduation: 6 Steps to Attack Credit Card Debt" by Alexa Von Tobel, www.huffingtonpost.com. May 20, 2010.

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• If there were such a thing as Chapter 11 for politicians, the Republican push to extend the unaffordable Bush tax cuts would amount to a bankruptcy filing.

  David Stockman

  Cutting, Republican, Politician

  "Four deformations of the Apocalypse" by David Stockman, www.nytimes.com. July 31, 2010.

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• Saving New York City from bankruptcy is like making love to a gorilla. You don't stop when you're tired; you stop when he's tired.

  Felix Rohatyn

  New York, Tired, Persistence

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• Nevada was hit hardest by the recession - highest unemployment, highest foreclosure rate, highest bankruptcy rate.

  Brian Sandoval

  Unemployment, Nevada, Rate

  "Brian Sandoval RNC speech". www.politico.com. August 29, 2012.

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• 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

  Military, America, Safety

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• I do know that all of the Michigan delegation worked very hard as related to the revival of the auto industry. There was really a choice between bankruptcy and liquidation. There was no one that was willing to come up not only with the cash to keep them afloat but also to serve the warranties of everyone, you and I that drive all these cars. There was no one that could have picked up those pieces other than the federal government. [The auto bailout was] bipartisan from the get-go. [Without it,] Michigan would have hit 40 percent unemployment rates.

  Fred Upton

  Government, Car, Choices

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• It wasn't government that gave us nearly 50 million uninsured Americans and denials for pre-existing conditions. It wasn't government that gave us the yearly and lifetime caps on insurance coverage that have sent so many people into bankruptcy when they've faced a serious illness or accident... It wasn't government that gave us a system in which the gap between what we spend and what we get is so enormous. It was the free market.

  Paul Waldman

  Government, Serious Illness, People

  "The health care reality conservatives ignore" by Paul Waldman, www.cnn.com. November 29, 2013.

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• A noted cancer specialist in Boston said he believed that if some simple and inexpensive replacement for Chemotherapy for the treatment of cancer were found tomorrow, all US medical schools would teeter on the verge of bankruptcy, so integral a part of their hospital revenues is oncology, the medical specialty of cancer treatment

  Barry Lynes

  Cancer, School, Simple

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• Student debt is structured to be a burden for life. The indebted cannot declare bankruptcy, unlike Donald Trump. Current student debt is estimated to be over $1.45 trillion. There are ample resources for that simply from waste, including the bloated military and the enormous concentrated private wealth that has accumulated in the financial and general corporate sector under neoliberal policies. There is no economic reason why free education cannot flourish from schools through colleges and university. The barriers are not economic but rather political decisions.

  Noam Chomsky

  Military, School, College

  Source: www.truth-out.org

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• [T]ruly grand and powerful theories [...] do not and cannot rest upon single observations. Evolution is an inference from thousands of independent sources, the only conceptual structure that can make unified sense of all this disparate information. The failure of a particular claim usually records a local error, not the bankruptcy of a central theory. [...] If I mistakenly identify your father's brother as your own dad, you don't become genealogically rootless and created de novo. You still have a father; we just haven't located him properly.

  Stephen Jay Gould

  Brother, Powerful, Dad

  "Leonardo's Mountain of Clams and the Diet of Worms". Book by Stephen Jay Gould, "Mr. Sophia's Pony", p. 155, 1998.

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• The days of life are consumed, one by one, without an object beyond the present moment; ever flying from the ennui of that, yet carrying it with us; eternally in pursuit of happiness, which keeps eternally before us. If death or bankruptcy happen to trip us out of the circle, it is matter for the buzz of the evening, and is completely forgotten by the next morning.

  Thomas Jefferson

  Life, Morning, Pursuit Of Happiness

  Thomas Jefferson (1829). “Memoirs, Correspondence, and Private Papers of Thomas Jefferson: Late President of the United States”, p.95

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• One didn't really believe till one saw it demonstrated that giving oneself up completely to art, to emotion, to enjoyment, without planning for the future or counting the cost, produced dreadful disabilities and bankruptcies later.

  Edmund Wilson

  Art, Believe, Giving

  Edmund Wilson (1997). “The Edmund Wilson Reader”

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• 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

  Money, Numbers, Years

  "The Professor". Interview with Jeffrey Toobin, www.newyorker.com. September 17, 2012.

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• Remember that in most cases, student loan debt is not dischargeable in bankruptcy. So you continue to pay it off anyway. Those who have very low interest rates (2-2.5 percent) on student loans and know everything is secure, great.

  Suze Orman

  Debt, Pay, Students

  "Debt vs. debt: Which loans do I pay off first?". "Today" Interview, www.today.com. May 6, 2009.

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• But credit card debt is unsecured debt, which means if you get in trouble and cannot pay off your credit card, you can discharge it in bankruptcy. What are they going do to you? If you're in a financial position to just methodically pay off both credit card and student loans, pay them all.

  Suze Orman

  Mean, Cards, Credit

  "Debt vs. debt: Which loans do I pay off first?". "Today" Interview, www.today.com. May 6, 2009.

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• I don't care if New York avoided bankruptcy by substituting tourism for the garment business.

  Fran Lebowitz

  New York, Tourism, Care

  "The Voice: Fran Lebowitz". Interview With Francesco Clemente, www.interviewmagazine.com. March 11, 2016.

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• The thing that's really important to understand is, the last thing an empire traditionally does is drive itself into bankruptcy. You've seen that with the great empires.

  Juan Enriquez

  Important, Doe, Empires

  Source: bigthink.com

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• 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

  People, Giving, Credit

  Source: bigthink.com

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