Simon Cowell 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.

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.

We don't want to give a business that is not going to come through the troubled waters a loan that they can't pay back.

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.

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

And then you might decide that the country can just spend maybe years or decades to regain that credit, or maybe give that county the support, the financial support that the market is not willing not do.

We sunk everything into it. It came close to going under several times.

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

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

I experienced the year 2000 dot com crash and the 2008 financial crisis, and it almost wiped out the company.

The most troubling loan we had was actually to the 'Octomom'. That was a terrible situation, and we worked very, very hard to move her to another home that they could afford.

I was so deep in red ink coming out of ECW that I had to make a good solid living just to get my nose above the water line because of ECW.

Liberty never had to file bankruptcy, thanks to God's blessings, but we did go through tough times and painful debt restructuring in the 1990s.

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

Bankruptcy is about financial death and financial rebirth. Bankruptcy is the great American story rewritten. We're a nation of debtors.

I get heartfelt thanks from all kinds of people. Today I heard from a waitress in Georgia who has lost her job and is trying to figure out how her local bank can change the terms on her credit card, and I heard from a physicist at a major research university who wants to explain a better theory of financial stress tests.

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.

Debt is a prolific mother of folly and of crime.

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

… there is such a general scarcity of Cash that nothing We have will Command it & Real Estates of Every kind are falling at least one half in value. Debtors that were a year or two ago responsible for £1000 can not now Raise a fourth part of the sum & those who had putt out their money upon Land Security of double the value are unable to get the principal as there is an Entire Stop to all sales by the sheriff for want of Buyers and Men of the best Estates amongst us can Scarce Raise money enough to defray the Necessary Expenses of their family’s. Our Stores in the Country that used to furnish Every necessary for the inhabitants are all shut up

Almost half of the bankruptcies in the United States are connected to an illness in the family, whether people had health insurance or not. Middle-class Americans, who had the misfortune of either experiencing a medical emergency themselves or watching a family member suffer, were then forced to face the daunting task of pulling themselves out of debt. Bankruptcy law has allowed them to start over. It has given hope

Debt is the prolific mother of folly and of crime; it taints the course of life in all its dreams.

The Depression is a good thing generally. Let them fail. Let everybody fail! I made my fortune when I had nothing to start with, by myself ns my own ideas. Let other people do the same.

Massive runs on short-term debt helped trigger the Great Recession.

When I was 13, I opened my own business called The Awesome Pretzel Company, and my dad helped me build a pretzel cart.