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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• 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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• 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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• 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.

  Radhanath Swami

  Father, Struggle, Long

  "A Swami and His Father" by Radhanath Swami, www.huffingtonpost.com. June 18, 2011.

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• Five thousand people every day lose their home because of a medical bankruptcy. Most of them had insurance.

  Debbie Stabenow

  Home, People, Medical

  "Democratic Sen. Stabenow On Health Care". "All Things Considered" with Melissa Block, www.npr.org. March 4, 2010.

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• I can't think of another enterprise other than being a homeowner that can't have its debt restructured in bankruptcy. Corporations can but a homeowner can't? Now with securitization the homeowner can't go to the owner of the loan and work things out.

  Eli Broad

  Thinking, Debt, Corporations

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• Countries don't go out of business....The infrastructure doesn't go away, the productivity of the people doesn't go away, the natural resources don’t go away. And so their assets always exceed their liabilities, which is the technical reason for bankruptcy. And that's very different from a company.

  Walter Wriston

  Country, People, Going Away

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• Government should stand behind its currency and credit and the bank deposits of the nation. No individual should suffer a loss of money through depreciation or inflated currency of Bank bankruptcy.

  Abraham Lincoln

  Loss, Government, Suffering

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• [on the reason for his seven-year hiatus in direction] My son Aditya made Mohabbatein, which took a lot of time and energy. Then we started looking for a script for me to direct. Nothing seemed to excite us both. There's a complete bankruptcy of screenwriting in our cinema. I wanted a very earthy and Indian subject. I was tired of the promos on television. With semi-clad girls, they all looked the same. Of course Dhoom has them too. But I'd personally not make a film like that.

  Yash Chopra

  Girl, Tired, Son

  "Biography / Personal Quotes". www.imdb.com.

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• 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.

  Benito Mussolini

  Party, Mean, Hands

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• The No. 1 cause of bankruptcies is medical bills.

  Michael Moore

  Medical Bills, Causes, Bills

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• When I became CEO of Xerox 10 years ago, the company's situation was dire. Debt was mounting, the stock sinking and bankers were calling. People urged me to declare bankruptcy, but I felt personally responsible for tens of thousands of employees.

  Anne M. Mulcahy

  Years, People, Bankers

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• 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

  Procrastination, Years, Climate

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• The twentieth century was the bankruptcy of the social utopia; the twenty-first will be that of the technological one.

  Nassim Nicholas Taleb

  Twenties, Firsts, Utopia

  Nassim Nicholas Taleb (2010). “The Bed of Procrustes: Philosophical and Practical Aphorisms”, p.33, Random House

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• The worst disgrace that can befall a producer is an unkind notice from a New York reviewer. When this happens, the producer becomes a pariah in Hollywood. He is shunned by his friends, thrown into bankruptcy, and like a Japanese electing hara-kiri, he commits suttee.

  S. J. Perelman

  New York, Hollywood, Pariahs

  "Strictly from Hunger". "The Most of S. J. Perelman", p. 47, 1992.

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• Bankruptcies of governments have, on the whole, done less harm to mankind than their ability to raise loans.

  R. H. Tawney

  Government, Investing, Done

  R. H. Tawney (2016). “Religion And The Rise Of Capitalism”, p.75, Verso Books

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• 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

  Way, Lawyer, Blame

  John Grisham (1996). “The Rainmaker”, Dell

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• Apple was very close to bankruptcy and to irrelevance [but] you learn a lot about life through death, and I learnt a lot about vital corporations by experiencing a non-vital corporation. You would have thought that, when what stands between you and bankruptcy is some money, your focus would be on making some money, but that was not [Steve Jobs’] preoccupation. His observation was that the products weren’t good enough and his resolve was, we need to make better products. That stood in stark contrast to the previous attempts to turn the company around.

  Jonathan Ive

  Jobs, Irrelevance, Apples

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• Faith is a cop-out. If the only way you can accept an assertion is by faith, then you are conceding that it can't be taken on its own merits. It is intellectual bankruptcy.

  Dan Barker

  Atheist, Taken, Religion

  Dan Barker (1992). “Losing Faith in Faith: From Preacher to Atheist”, Freedom from Religion Fndtn

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• 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

  Air, Water, Soil

  Gaylord Nelson, Susan M. Campbell, Paul A. Wozniak (2002). “Beyond Earth Day: Fulfilling the Promise”, p.18, Univ of Wisconsin Press

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