Bankruptcy Proceedings Quotes

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.

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.

I can tell you what happens to countries that go bankrupt. I've been to Argentina. I'm familiar with the history of Mexico and Great Britain. We'll see the same things here shortly: inflation, huge tax increases, capital flight and, eventually, capital controls.

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.

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

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

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.

The unions and the auto companies have been unable to put a deal together that fundamentally restructures the industry. It needs to get done. The only way it's really going to get done is in bankruptcy court. They should have done it six months ago they should do it now.

The entire exhibitions industry in the United States of America has filed for bankruptcy.

Enron Field in Houston, the Trans World Dome in St. Louis and PSINet Stadium in Baltimore are just three of the modern-day coliseums named for companies that have found new homes in bankruptcy court.

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.'

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

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

So that this thing that aired in 1963 would result a few years later in personal bankruptcy, would result in having people be on edge with me, wondering when I'm going to blow up.