Bankruptcy Quotes

• The moral and constitutional obligations of our representatives in Washington are to protect our liberty, not coddle the world, precipitating no-win wars, while bringing bankruptcy and economic turmoil to our people.

  Ron Paul

  Money, Peace, War

  Ron Paul (1987). “Freedom Under Siege”, p.60, Ludwig von Mises Institute

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• Today, certain people file for bankruptcy, businesses and individuals, and it no longer has the stigma it once had. Now it's almost considered wise, a way to regroup and come back again.

  David Dinkins

  Wise, People, Today

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• Anybody who knows about capitalism knows that bankruptcy is an essential part of capitalism.

  Joseph Stiglitz

  Essentials, Capitalism, Knows

  Source: www.progressive.org

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• Capitalism without bankruptcy is like Christianity without hell.

  Frank Borman

  Money, Good Christian, Hell

  Quoted in Forbes, 8 June 1981

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• His lack of education is more than compensated for by his keenly developed moral bankruptcy.

  Woody Allen

  Education, Book, Beer

  71 Copy quote

• Bankruptcy is a serious decision that people have to make.

  Herb Kohl

  People, Decision, Serious

  11 Copy quote

• It is said that the world is in a state of bankruptcy, that the world owes the world more than the world can pay.

  Ralph Waldo Emerson

  Debt, World, Pay

  Ralph Waldo Emerson (2004). “Essays”, p.109, 1st World Publishing

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• Unlimited activity, of whatever kind, must end in bankruptcy.

  Johann Wolfgang von Goethe

  Kind, Moderation, Ends

  Johann Wolfgang von Goethe, John Stuart Blackie (1883). “The Wisdom of Goethe”, Edinburgh, W. Blackwood

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• The worst bankruptcy in the world is the person who has lost his enthusiasm.

  William Howard Arnold

  Inspirational, Travel, World

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• Bankruptcy is a sacred state, a condition beyond conditions, as theologians might say, and attempts to investigate it are necessarily obscene, like spiritualism. One knows only that he has passed into it and lives beyond us, in a condition not ours.

  John Updike

  Debt, Might, Sacred

  John Updike (1980). “People One Knows: Interviews with Insufficiently Famous Americans”

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• We will bankrupt ourselves in the vain search for absolute security.

  Dwight D. Eisenhower

  Inspirational, Money, Peace

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• Medical debts are the number-one cause of bankruptcy in America.

  Barbara Ehrenreich

  Numbers, America, Debt

  7 Copy quote

• However, the economics of our business continued to deteriorate. We barely escaped bankruptcy a year ago, and in the aftermath of that escape we had to make some even tougher decisions.

  Gerard Arpey

  Years, Aggravation, Decision

  12 Copy quote

• Know what happens when an individual declares bankruptcy and how it affects his or her life.

  Marilyn vos Savant

  Literature, Individual, Happens

  8 Copy quote

• High bankruptcy rates, increased credit card debt, and identity theft make it imperative that all of us take an active role in providing financial and economic education during all stages of one's life.

  Ruben Hinojosa

  Identity, Roles, Cards

  20 Copy quote

• 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.

  Leslie Parrish

  Blessing, People, May

  Source: www.inner-growth.info

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• An expenditure of words without income of ideas will lead to intellectual bankruptcy.

  Ravi Zacharias

  Ideas, Intellectual, Income

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• A normal way that the American free market system has worked is that we have a process of unwinding. It's called bankruptcy. It doesn't mean, necessarily, that the industry is eclipsed or that it's gone. Often times, the phoenix rises out of the ashes.

  Michele Bachmann

  Mean, Phoenix, Ashes

  7 Copy quote

• Family responsibility, yes, and always. Family bankruptcy due to the cruel rules of government, no.

  Barbara Mikulski

  Responsibility, Government, Dues

  66 Copy quote

• Bankruptcy is like losing your virginity. It doesn't hurt the next time.

  Clarissa Dickson Wright

  Money, Hurt, Next

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• The fact is, out of all the possible reasons for going bankrupt, only three account for nearly 90 percent of bankruptcy: a job loss, a medical problem, or a divorce. And the fact is that those are exactly the kind of calamities that the bankruptcy courts were designed to help people through.

  Amelia Warren Tyagi

  Jobs, Divorce, Loss

  Source: www.motherjones.com

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• This program that the Republican majority has taken us toward as a country is leading us to fiscal bankruptcy.

  Chaka Fattah

  Country, Taken, Majority

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• We added Medicare Part D to a system facing bankruptcy and gave no thought to means testing it.

  Bob Inglis

  Mean, Medicare, Testing

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• Disappointment is a sort of bankruptcy - the bankruptcy of a soul that expends too much in hope and expectation.

  Eric Hoffer

  Hope, Disappointment, Expectations

  Eric Hoffer (1996). “The Passionate State of Mind”

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• If we don't change, millions of American families are just one medical emergency, or one layoff, away from financial disaster and bankruptcy.

  Jim Cooper

  Emergencies, Medical, Financial

  45 Copy quote