Mitt Romney Quotes

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.

My father made false teeth. Unfortunately, during the Depression, not many people could afford them, and my parents lost their home.

By the time most people file for bankruptcy, their credit is already trashed, they have a high debt-to-income ratio - a key indicator lenders look at - and they've likely defaulted on more than a few accounts.

Some economists estimate that for every family that goes bankrupt, there are about 15 more who are in the same amount of financial trouble and would profit from bankruptcy but just haven't filed.

At my lowest point, I was nearly $700,000 in debt.

My father's money vanished in the Great Depression, and he had trouble keeping a job.

I declared bankruptcy, and that was the worst thing I ever should have done.

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.

Giving debt relief to people that really need it, that's what foreclosure is.

Bankruptcy is a serious decision that people have to make.

My father lost his business. Our house was locked up, and we had to leave.

We have had a great depression in agriculture, caused mainly by several seasons of bad harvests, and some of our traders have suffered much from a too rapid extension in prosperous years.

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

I became a freelance stylist to survive, and then I had a kid. I bankrupted in 1988 and had a kid in 1990.

I was gonna go broke if I didn't get things turned around real fast.

The evergreen story of people in debt becomes even sexier in an economic downturn, when debts inevitably get harder to pay.

I had to escape the destruction of my father's bankruptcy and all that difficulty.

We have discharged one generation of debtors after another, but we do not find that their numbers lessen. We find only that we forget, when times are good, that times were ever bad.

Foreclosure is to no one's benefit. I've heard estimates that mortgage investors lose 40 to 50 percent on their investment if it goes into foreclosure.

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

The women who file for bankruptcy played by all the rules, but they are still in economic freefall.

I rescue families who are losing their homes because they have no jobs and they can't pay the mortgage and the banks are foreclosing on their homes.

I have huge debts, and know of no other way to resolve them than to re-enter the slave trade.

A recession is a period in which you tighten your belt. In a depression, you have no belt to tighten. In a panic you have no pants left to hold up.

Foreclosure is nothing new. And it certainly will always be a fact of life for some.