A Quote by 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.
In 1997, the National Bankruptcy Review Commission recommended that chapter 12 of the Federal Bankruptcy Code, the chapter that contains bankruptcy protection for family farmers, be made permanent.
Debt is a trap, especially student debt, which is enormous, far larger than credit card debt. It’s a trap for the rest of your life because the laws are designed so that you can’t get out of it. If a business, say, gets in too much debt it can declare bankruptcy, but individuals can almost never be relieved of student debt through bankruptcy.
Debt is a trap, especially student debt, which is enormous, far larger than credit card debt. It's a trap for the rest of your life because the laws are designed so that you can't get out of it. If a business, say, gets in too much debt, it can declare bankruptcy, but individuals can almost never be relieved of student debt through bankruptcy.
When we talk about Donald Trump business, he has taken business bankruptcy six times. There are a lot of great businesspeople that have never taken bankruptcy once.
Disappointment is a sort of bankruptcy - the bankruptcy of a soul that expends too much in hope and expectation.
If a company can declare bankruptcy, why can't a country do so?
When I went to law school, I took a bankruptcy class with then-professor, now-Senator Elizabeth Warren. And I'll never forget that first day of class, hearing her talk about the importance of the bankruptcy system.
All economic activity is dependent upon that environment and its underlying resource base of forests, water, air, soil, and minerals. When the environment is finally forced to file for bankruptcy because its resource base has been polluted, degraded, dissipated, and irretrievably compromised, the economy goes into bankruptcy with it.
Even if you were to fall into extreme financial hardship and file for bankruptcy, you need to understand that your student loan debt will not be discharged in bankruptcy. It is the Velcro of all debts.
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.
Bankruptcy is about financial death and financial rebirth. Bankruptcy is the great American story rewritten. We're a nation of debtors.
As president of the International Brotherhood of Teamsters, I have seen private equity firms plunder company after company, taking rich fees for themselves and cutting costs until there's nothing left to cut. Time and again I've seen their reckless behavior drive companies to declare bankruptcy.
I'm only thin-skinned when somebody says bad things that are false. For instance, if you hit me about something that's true, all right, the bankruptcy - I used that as a tool. I didn't ever file for bankruptcy.
We have been in recess since July, and during that time there has been a fuel crisis, a Danish no vote, the collapse of the euro and a war in the middle east, but what is our business tomorrow? The Insolvency Bill [Lords]. It ought to be called the Bankruptcy Bill [Commons], because we play no role.
There's a danger our fiscal bankruptcy might overtake our moral bankruptcy.
With money come the tests. My bankruptcy, which at the time I thought was a disaster, turned out to be a major blessing. It taught me so much! Money is not only an isolator, but it's a magnet, too. It draws all kinds of people to you - you may not want them but it draws them to you anyway. The reverse of that, a bankruptcy, sends everybody away.
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