When our jewellery business went into receivership we avoided bankruptcy by selling our houses and possessions.
When I was at Marvel, they were in bankruptcy, which is hard to believe now with 'Avengers 2' out, but it was during the 1990s. It was a troubled place. Comic book sales were dropping. Work was scattered.
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.
We have the idea of saying that put limitations on bailouts, so that the bailouts don't occur in the future, so that we don't have to do the - look to see AIG situations or Bear Stearns situations or the Fannie Mae or Freddie Mac, which is probably going to be more money spent on those two institutions than the Congress spent on the TARP program.
We don't have the necessary laws or powers to deal with failing non-bank institutions. If they're a big bank, the depositor has deposit insurance, and the regulators can wind them down without throwing them into bankruptcy.
Credit default swap gives you something to do. You can buy some credit default swaps from them to protect yourself against the bankruptcy of people who owe you money.
The women who file for bankruptcy played by all the rules, but they are still in economic freefall.
When Republicans say they want to run government 'like a business,' they apparently mean 'run government like a Trump casino headed straight for bankruptcy court.'
The 2008 economic crisis and Great Recession forced widespread restructuring throughout the U.S. economy - not unlike a company gritting its teeth through a lifesaving bankruptcy.
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.
It is the instinctive wish of most American businesspeople, even those unlikely to be directly affected, that General Motors not go bankrupt.
Trump Entertainment Resorts declared Chapter 11 bankruptcy. Or as Donald Trump describes Chapter 11, "Back-to-back number ones!"
I became a professor myself, teaching bankruptcy and consumer protection. I conducted a national study of mortgage companies in bankruptcy. And what I found was that big banks routinely broke the law.
We do not project power from bankruptcy court. We're borrowing a million dollars a minute. It's got to stop somewhere.
When I became CEO of Xerox 10 years ago, the company's situation was dire. Debt was mounting, the stock sinking and bankers were calling. People urged me to declare bankruptcy, but I felt personally responsible for tens of thousands of employees.
One's ability to enter into thousands of lawsuits as a tool for success, or to use bankruptcy to avoid paying your former employees and vendors, have little relevance when trying to create good government.
Lastly, there is bankruptcy, as the United States pours its economic resources into ever more grandiose military projects and shortchanges the education, health, and safety of its citizens.
The first thing I got was a jet. And it's the last thing I'd get rid of if I go bankrupt.
You never cash out a 401(k) or IRA to pay off debt, unless it's to avoid a foreclosure or bankruptcy.
Together with a team of financial and legal experts I have spent months exploring all possible alternatives to bankruptcy but to no avail.
We are in danger of being overwhelmed with irredeemable paper, mere paper, representing not gold nor silver; no sir, representing nothing but broken promises, bad faith, bankrupt corporations, cheated creditors and a ruined people.
The most important loan to pay is your student loan. It's more important than your mortgage, car and credit card payments. You cannot discharge student loan debt in the majority of cases.
When government is... bailing out banks... we have every good reason to be alarmed.
I make people pay their debts.
I can't think of another enterprise other than being a homeowner that can't have its debt restructured in bankruptcy. Corporations can but a homeowner can't? Now with securitization the homeowner can't go to the owner of the loan and work things out.
