Barney Frank Quotes

There are lots of businesses that are well in excess of $9 billion that have gone into bankruptcy, that have been mismanaged. And that has not served anyone very well.

Generally speaking, companies get into bankruptcy as a kind of meritocracy. Somebody made some sort of big mistake, to get into bankruptcy, and very often, a part of the mistake is too much leverage.

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

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

In a bankruptcy, everyone around the table has an interest in making the workers take a haircut. The more the workers take a haircut, the more money there is for the bondholders and stockholders.

If you destroy a firm, you can't pull it out of bankruptcy overnight.

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

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.

The vast majority of debt that Anglo maintains is owed is strenuously disputed. However, I cannot now pay those loans which are due, following Anglo taking control of the Quinn Group of companies, which I and a loyal team spent a lifetime building.

When a company gets into trouble, it should basically have to be resolved, in other words, stockholders lose their money, unsecured bondholders lose their money.

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

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

Trump Entertainment Resorts declared Chapter 11 bankruptcy. Or as Donald Trump describes Chapter 11, "Back-to-back number ones!"

The company, Tiffany Studios, ended up in bankruptcy in 1930 - early '30s.

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.

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

Of all the artists on Death Row, none of them went bankrupt.

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

You're out of business!

We are broke—bankrupt—really bankrupt!

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

Anybody who knows about capitalism knows that bankruptcy is an essential part of capitalism.

As president of the International Brotherhood of Teamsters, I have seen private equity firms plunder company after company, taking rich fees for themselves and cutting costs until there's nothing left to cut. Time and again I've seen their reckless behavior drive companies to declare bankruptcy.

I'm short-selling my house. I have more loans than I can sell the house for. The house will not go into foreclosure. It will be a short sale. I can't afford the house as I once could.

I did go bankrupt because everybody copied me - every single industry. But genuinely, it doesn't matter. I swear I don't care.