Michele Bachmann Quotes

Today, certain people file for bankruptcy, businesses and individuals, and it no longer has the stigma it once had. Now it's almost considered wise, a way to regroup and come back again.

A bankruptcy judge can fix your balance sheet, but he cannot fix your company.

When I became CEO, Puma was bankrupt on paper.

The dearth of business activity on the traditional day of rest makes Sunday an ideal time to declare insolvency. Bankruptcy petitions are time-stamped to the minute, instantly dividing a failed company's dealings into pre-bankruptcy transactions and post-bankruptcy transactions.

Together with a team of financial and legal experts I have spent months exploring all possible alternatives to bankruptcy but to no avail.

In America you can be Donald Trump, have a business go wrong, and file for Chapter 11. You can move on, and no one complains. When his casinos were in Chapter 11, he was still on TV telling people how to get rich. I had to persevere for years with easyInternet because I couldn't afford to hurt the brand.

A lot of other things come along with Chapter 11, which basically end up in a lot of pain.

If General Motors can't survive and run their business like a business, let them go under.

Often in capitalism, when you hit bottom, you have some perverse advantages—low cost and people really desiring a turnaround—to do whatever it takes.

When our jewellery business went into receivership we avoided bankruptcy by selling our houses and possessions.

Financial experts are saying we are entering a new chapter in the American economy. I believe it's Chapter 11.

There is a tendency in things to right themselves, and the war or revolution or bankruptcy that shatters rotten system, allows things to take a new and natural order.

When a company goes bankrupt, you as a company have absolutely no say whatsoever as to what happens.

Tough times helped many commodities producers become lean and mean through consolidation, mergers and cost-cutting. All that excess supply has been sopped up.

The 2008 economic crisis and Great Recession forced widespread restructuring throughout the U.S. economy - not unlike a company gritting its teeth through a lifesaving bankruptcy.

A thousand restaurants close every month. They re-open, and that's good for America. Nobody's rescuing them. They employ people, too. If we let them go bankrupt, the factories don't go away, the creative people don't go away. They get employed more productively by others.

Know what happens when an individual declares bankruptcy and how it affects his or her life.

Chapter 11 is an expensive process that does not accommodate the special needs of farmers.

Being a starving company isn't fun for anyone. Most that go away need to go away... but certainly not all.

Bankruptcy has become a feeding trough for lawyers, accountants and investment bankers.

1971 … was the year when, for the very first time, the United States bailed out an industrial firm whose own financial management had driven it to the brink of extinction. The company was Lockheed Aircraft Corporation and the bailout was in the form of a loan guarantee worth $250 million.

By 2002, I realized that what was classically called a rollup strategy was not generally effective, at least not for me.

I've actually taken companies public, I've actually busted companies, I've actually gone broke.

The early-'80s recession was good for good restaurants, not least because it put bad ones out of business.

When all is said and done, you're either for investment and risk taking as a solution for what ails the economy, or you're against it. The real world offers no middle ground.