Quotes about Creditor Protection

Walker Stapleton

If a division becomes insolvent, the credit markets' reaction to that is immediate - regardless of what period of time you think you have to remedy.

Elizabeth Warren

In 1978, we adopted a new Bankruptcy Code in the United States, and a principal part of this was designed to adjust to the new corporation, to find ways to let a corporation that had gotten into financial trouble reorganize itself. A big part of the selling point on this bankruptcy law was, 'It will preserve jobs.'

John Delaney

The best companies with the strongest credit ratings borrow like the United States: on a non-prioritized basis. This means that in the event of a default, all of their debts are of equal priority because lenders and creditors believe default is highly unlikely. And they spend considerable effort maintaining this status.

Meredith Whitney

A company is only as solvent as the perception of its solvency.

The same is true of nations, cities, states and counties. As a result, we often see politicians spinning if not lying about the economic situation of a political entity. If perceived as insolvent, they can rapidly become insolvent. This is also who come counties are so sensitive to the activities of international currency traders. If a large trader or two starts to sell that nations currency, others also sell in fear that there may be a reason for the other selling and a spiral starts. The country if it does not handle this crises well will be perceived as insolvent which then makes the situation worse.

Thomas G. Stemberg

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

Charles Duhigg

Credit default swap is basically just an agreement that I have with you, where I sell you insurance on some bond you own. If the bond goes belly up, I promise to pay you. And as long as the bond doesn't go belly up, you pay me for selling you insurance.

Richard Mourdock

Indiana taxpayers, retired Hoosier state policemen and teachers are neither greedy speculators nor unpatriotic. They are, however, secured creditors of Chrysler. They deserve to have their funds protected under the full auspices of the law.

Tim Johnson

Bankruptcy represents a longstanding commitment in this country to helping people get a fresh start. This principle has never been giving only certain people a fresh start.

Brendan I. Koerner

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.

Tim Holden

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

Creditor Protection Quotes