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.
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 ...
Disappointment is a sort of bankruptcy - the bankruptcy of a soul that expends too much in hope and expectation.
Bankruptcy is about financial death and financial rebirth. Bankruptcy is the great American story rewritten. We're a nation of debtors.
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.
The years thunder by. The dreams of youth grow dim where they lie caked in dust on the shelves of patience. Before we know it, the tomb is sealed. Where, then lies the answer? In choice. Which shall it be: Bankruptcy of Purse or Bankruptcy of Life?
Generally speaking, companies get into bankruptcy as a kind of meritocracy. Somebody made some sort of big mistake, to get into bankruptcy, and very often, a part of the mistake is too much leverage.
Even if you feel like your debt is just never going to go away, think long and hard before declaring bankruptcy. Declaring bankruptcy means that getting a loan for anything will be next to impossible for the next 10 years.
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 ...
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 decla...
The No. 1 cause of bankruptcies is medical bills.
Medical debts are the number-one cause of bankruptcy in America.
I think there will be no government bankruptcy in Greece.
Bankruptcy is a serious decision that people have to make.
Family responsibility, yes, and always. Family bankruptcy due to the cruel rules of government, no.
Capitalism without bankruptcy is like Christianity without hell.
I had to escape the destruction of my father's bankruptcy and all that difficulty.
Unemployment, foreclosures, bankruptcy - the cure is not more government spending, but helping businesses create jobs.
A Fed loan to Lehman Brothers would not have prevented a bankruptcy.
His lack of education is more than compensated for by his keenly developed moral bankruptcy.
This filing spike is a result of bad information being pushed on people, and then they file for bankruptcy out of fear.
