Financial Restructuring Quotes

When our jewellery business went into receivership we avoided bankruptcy by selling our houses and possessions.

Actions aimed at supporting deleveraging and balance-sheet repair - such as recognizing losses, writing down assets, and recapitalizing banks - carry longer-term benefits but short-term costs.

The strategic plan to transform Valeant smartly focuses on rebuilding the company's core franchises in ophthalmology, dermatology, and gastroenterology while simultaneously using the proceeds from the sale of non-core assets and operating cash flow to de-lever the company.

The activists play the balance sheet by selling a division to buy back stock and leveraging the balance sheet and buying back more stock.

The current financial crisis makes it very clears that the system that we have isn't really working, and this is the right time for us to undo things and build them in a new way.

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.

1971 … was the year when, for the very first time, the United States bailed out an industrial firm whose own financial management had driven it to the brink of extinction. The company was Lockheed Aircraft Corporation and the bailout was in the form of a loan guarantee worth $250 million.

Resolution can be in any form - S4A, SDR or restructuring - but we need an enabling environment where bankers feel comfortable to take decisions and where they also feel obliged to implement decisions in a timely manner.

Tough decisions have to be made to close our fiscal gap, stabilise our debt, and restore our state-owned enterprises to health.

As I found at QPR, a club in the process of a takeover is paralysed.

I see myself as a private-equity investor that helps rebuild companies. Restructuring is a cottage industry in that there aren't that many serious practitioners.

I have spent my career making a difference with underperforming assets.

I think that all areas of the budget have to be scrubbed. Clearly the entitlement issues have to be reformed and that's an issue that's going to require I think some strong bipartisan cooperation and leadership.

So it won't be a surprise when the Greek default actually happens and we expect it one way or the other to be relatively soon.

The real underlying value comes if you can put a company back into a running state and it becomes a successful viable entity if it continues to repay loans.

If we reach the debt ceiling, we don't have to default. Getting to that point just won't allow us to reach new debt.

Recapitalization has helped in many parts of the world.

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.

We don't have a good legal justification for breaking up the banking system. But if I could wave a magic wand, I'd break up the banking system.

If you live beyond your means and have to restructure as a result, you pay a price.

In taking Dell private, we plan to go back to our roots, focusing on the entrepreneurial spirit that made Dell one of the fastest-growing and most successful companies in history.

UDAY is meant for financial and operational turnaround of discoms.

There is a difference between strategic or technical default and default where you really don't have the economy to support the spending. We are not at that point yet. We could be. We could be, like some European nations.

The downfall of the industry seems to actually be good for art. I think the industry will find their way once the focus shifts from its greed-based origins, downsizes, and begins to support creative visions that speak to our times and shifting ideals.