Debt Responsibility Quotes

If you owe the bank $100 that's your problem. If you owe the bank $100 million, that's the bank's problem.

Debt is a mistake between lender and borrower, and both should suffer.

If anything is due to a corporation, it is not due to the individual members thereof, nor do the members individually owe what the corporation owes.

The biggest debt is always the government debt; it's always debt that government has run up on your behalf.

As it turns out, we don't "all" have to pay our debts. Only some of us do.

The old-fashioned idea is that responsibility falls upon those who borrow and lend. Money was not borrowed by campesinos, assembly plant workers, or slum-dwellers. The mass of the population gained little from borrowing, indeed often suffered grievously from its effects.

Most of our businesses do succeed, but if something completely fails, then as long as we bow out gracefully and pay off all our debts, and nobody gets hurt, then I don't think people disrespect Virgin for trying. The public appreciates someone having a go; it appreciates the attempt. Who's been a success in life who hasn't failed?

It is assumed that when anyone gets into debt, the fault is entirely and always the fault of the lender.

When you take out a loan, what's your obligation other than paying it back? You have no other obligation.

What if I say that it is not unjust but according to law that when a woman gets into debt her husband should bear it? And with the church of God sinning, it was but right that her Husband, who had espoused her unto Himself, should become the debtor on her behalf. The Lord Jesus stood in the relationship of a married Husband unto His church, and it was not, therefore, a strange thing that He should bear her burdens.