David Mitchell Quotes

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.

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'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.

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.

If I am in London I like a quick get away to The Olde Bell in Hurley... It's nearby and no stress - great food and beautiful walks.

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

There's only one thing you can do in bankruptcy: break your word, break your deals. It allows you to say to the small businesses, who have been catering lunches for you, 'Sorry, we're not paying you.' It allows you to go to the workers and say, 'Sorry, we're not paying you.'

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

When I moved to L.A., I was penniless, absolutely beyond broke and in debt up to my eyeballs.

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

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.

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.

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.

We are broke—bankrupt—really bankrupt!

I had a year, where... I was secretly, 100 percent, dead broke.

We want to be successful everywhere. But if not, at least we can go on vacation to London.

You are already broke and don't even know it.

When I asked my accountant if anything could get me out of the mess I am in now, he thought for a long time, and I didn't care much for his answer. 'Yes,' he said. 'Death would help.'

Come with me, ladies and gentlemen who are in any wise weary of London: come with me: and those that tire at all of the world we know: for we have new worlds here.

Puerto Rico is a government that is spending money that it doesn't have. What's coming in and what's going out don't match. That is, what they are receiving in taxes is not sufficient to cover the spending that they are taking on. And any entity that does that, whether a family, a business, a government, is going to go broke and bankrupt. They are asking to be given the right to declare bankruptcy, which I think should be an option, as a last resort, if there is no other resource.

I don't think a bankruptcy is a good thing.

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

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