65 Bankrupt Quotes On Success In Life

Best Bankrupt Quotes

1. “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
2. “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
3. “Anybody who knows about capitalism knows that bankruptcy is an essential part of capitalism.” ~ Joseph Stiglitz

4. “His lack of education is more than compensated for by his keenly developed moral bankruptcy.” ~ Woody Allen

5. “Capitalism without bankruptcy is like Christianity without hell.” ~ Frank Borman
6. “Bankruptcy is a serious decision that people have to make.” ~ Herb Kohl
7. “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
8. “Unlimited activity, of whatever kind, must end in bankruptcy.” ~ Johann Wolfgang von Goethe

9. “The worst bankruptcy in the world is the person who has lost his enthusiasm.” ~ William Howard Arnold

10. “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
11. “Terrorism, War & Bankruptcy are caused by the privatization of money, issued as a debt and compounded by interest.” ~ Napoleon Bonaparte
12. “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

13. “Medical debts are the number-one cause of bankruptcy in America.” ~ Barbara Ehrenreich

14. “Know what happens when an individual declares bankruptcy and how it affects his or her life.” ~ Marilyn vos Savant
15. “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
16. “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

17. “This program that the Republican majority has taken us toward as a country is leading us to fiscal bankruptcy.” ~ Chaka Fattah

18. “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
19. “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
20. “This filing spike is a result of bad information being pushed on people, and then they file for bankruptcy out of fear.” ~ Steve Bartlett

21. “Family responsibility, yes, and always. Family bankruptcy due to the cruel rules of government, no.” ~ Barbara Mikulski

22. “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.” ~ Tim Holden
23. “In this most powerful nation in the world, lack of access to health care should not force local and state governments, companies and workers into bankruptcy, while causing unnecessary illness and hospitalization.” ~ John Conyers
24. “Ward Churchill might be more valuable to the opponents of the academic left employed than unemployed. Above all, he can serve as a living window into the intellectual, moral, and political bankruptcy of the left.” ~ Mort Kondracke

25. “Al Gore may think Medicare is at a crossroads, but his plan puts it on a highway to bankruptcy.” ~ Dan Bartlett

26. “The necessity of every one paying in his own labor for what he consumes, affords the only legitimate and effectual check to excessive luxury, which has so often ruined individuals, states and empires; and which has now brought almost universal bankruptcy upon us.” ~ Josiah Warren
27. “What is the harm of doing the right thing? What is the harm of doing our job as legislators and making sure we do not stick the entire bankruptcy community with these provisions that do not make any sense?” ~ Russ Feingold
28. “As I think through the issue of funding the rebuilding of Iraq, I think about the analogy of a bankruptcy proceeding. There is no doubt that Iraq as a country is bankrupt.” ~ Arlen Specter

29. “The entire exhibitions industry in the United States of America has filed for bankruptcy.” ~ Jeffrey Katzenberg

30. “The ABCs of legalized gambling – addictions, bankruptcies and crime” ~ John Warren Kindt
31. “Disappointment is a sort of bankruptcy – the bankruptcy of a soul that expends too much in hope and expectation.” ~ Eric Hoffer
32. “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
33. “I have never seen more Senators express discontent with their jobs….I think the major cause is that, deep down in our hearts, we have been accomplices in doing something terrible and unforgivable to our wonderful country. Deep down in our heart, we know that we have given our children a legacy of bankruptcy. We have defrauded our country to get ourselves elected.” ~ John C. Danforth

34. “We added Medicare Part D to a system facing bankruptcy and gave no thought to means testing it.” ~ Bob Inglis

35. “Personal savings accounts to me are one of the most powerful things, not necessarily in saving, solvency, or bankruptcy of the program, but in guaranteeing, the words I used a few minutes ago, a safe and secure retirement for our seniors.” ~ Bill Frist
36. “Our schools should get five years to get back to where they were in 1963. If they’re still bad maybe we should declare educational bankruptcy, give the people their money and let them educate themselves and start their own schools” ~ William Bennett
37. “These are stupid people that say, ‘Oh didn’t Trump declare bankruptcy? Didn’t he go bankrupt?’ I didn’t go bankrupt.” ~ Donald Trump

38. “Restrict bankruptcy rules.” ~ Jerry Weller

39. “They said it was impossible to touch the third rail of politics, to take on public-sector unions and to reform a pension and health benefits system that was headed to bankruptcy. But with bipartisan leadership, we saved taxpayers $132 billion dollars over 30 years and saved retirees their pensions. We did it.” ~ Chris Christie
40. “Unemployment, foreclosures, bankruptcy – the cure is not more government spending, but helping businesses create jobs.” ~ Brian Sandoval
41. “When I came in, the city was on the edge of bankruptcy. I’m proud of what I did. I built the foundation that mayors after me built upon – particularly Bloomberg. But the foundation was essential because if it hadn’t occurred, we would have been another Detroit.” ~ Ed Koch

42. “I feel somewhat responsible for the Borders Books bankruptcy.” ~ Susan Orlean

43. “When an American declares bankruptcy, when he hits bottom, he can reinvent himself. There’s a story he can tell. We tolerate reinvention. We encourage reinvention. That’s what this country has that Europe does not. It’s not just a crisis; it’s an opportunity.” ~ Michael Lewis
44. “You fall a bit behind on a credit card bill, your interest rate soars, your minimum payment rises, and you start falling more and more behind every month. You don’t see an end. But you don’t want to file bankruptcy either. What you can do – and should do – is negotiate.” ~ Jean Chatzky
45. “Capitalism without failure is like religion without sin. Bankruptcies and losses concentrate the mind on prudent behavior.” ~ Allan H. Meltzer

46. “An expenditure of words without income of ideas will lead to intellectual bankruptcy.” ~ Ravi Zacharias

47. “As I’ve watched the Berlin Wall come down, the cry for freedom in China, and the eastern bloc nations, I rejoice, because I see the bankruptcy of Marxist-Leninism, socialism in this world.” ~ Jerry Falwell
48. “If you hear a good idea, capture it; write it down. Don’t trust your memory. Then on a cold wintry evening, go back through your journal, the ideas that changed your life, the ideas that saved your marriage, the ideas that bailed you out of bankruptcy, the ideas that helped you become successful, the ideas that made you millions. What a good review-going back over the collection of ideas that you gathered over the years. So be a collector of good ideas for your business, for your relationships, for your future.” ~ Jim Rohn
49. “We have to have structural entitlement reform, major spending cuts and not tax increase-retardants on economic growth to reverse our current course toward national bankruptcy, but Obama steadfastly remains on the wrong side of all these solutions.” ~ David Limbaugh

50. “War is a bankruptcy of policy” ~ Hans von Seeckt

51. “Once the settlement is completed, the credit card company will report it to the credit bureaus, which will then make a notation on your credit report that that account was paid by settlement. That’s going to signal to future lenders that you left the last guy hanging. That’s why, as with bankruptcy, debt settlement is an extreme option, one you shouldn’t take lightly. It’s not just an easy, cheap way to eliminate debt.” ~ Jean Chatzky
52. “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.” ~ Alexa Von Tobel
53. “The bankers might not have said it in so many words, but gradually their strategy emerged: Target families who were already in a little trouble, lend them more money, get them entangled in high fees and astronomical interest rates, and then block the doors to the bankruptcy exit if they really got in over their heads.” ~ Elizabeth Warren

54. “Bankruptcy is like losing your virginity. It doesn’t hurt the next time.” ~ Clarissa Dickson Wright

55. “Socialized medicine must fail for the same reasons all socialism must fail: it offers no system for rationally allocating resources, and instead promotes the overutilization of all resources, ending in bankruptcy.” ~ Llewellyn Rockwell
56. “When people are collecting gold they aren’t doing business. … Gold is constipation: even bankruptcy is more fluid. Gold isn’t wealth: positions in markets are wealth.” ~ Christina Stead
57. “In the midst of the East Asian crisis, there were choices. One choice would have been to encourage countries to implement a bankruptcy law that could have threatened the interests of the lenders. Workers’ rights should be a central focus of development. But nowhere did issues of workers’ rights, including the right to participate in the decisions which would affect their lives in so many ways, get raised.” ~ Joseph Stiglitz

58. “Donald Trump has filed so many bankruptcies and busted so many companies that his children now have receding heir lines.” ~ Michael R. Burch

59. “The consequences of inflation are malinvestment, waste, a wanton redistribution of wealth and income, the growth of speculation and gambling, immorality and corruption, disillusionment, social resentment, discontent, upheaval and riots, bankruptcy, increased government controls, and eventual collapse.” ~ Henry Hazlitt
60. “It’s more likely in America that your parents will file for bankruptcy than divorce. We think of divorce as so prevalent, but we all know that happens because somebody moves out of the house.” ~ Elizabeth Edwards
61. “By the end of the 20th century, “liberals” had again discredited themselves, to the point where they went back to calling themselves “progressives” to escape their past, much as people do when they declare bankruptcy.” ~ Thomas Sowell

62. “We will bankrupt ourselves in the vain search for absolute security.” ~ Dwight D. Eisenhower

63. “My opposition to war was not because of the horrors of war, not because war demands that the race offer up its very best in their full vigor, not because war means economic bankruptcy, domination of races by famine and disease, but because war is so completely ineffective, so stupid. It settles nothing.” ~ Harriot Eaton Stanton Blatch
64. “Bankruptcy represents a longstanding commitment in this country to helping people get a fresh start. This principle has never been giving only certain people a fresh start.” ~ Tim Johnson
65. “Single people slip out of the dating market for many social, economic, psychological, and ideological reasons including marriage, illness, bankruptcy, job promotion, exhaustion, and common sense. Inevitably, however, they return because of divorce, boredom, loneliness, and memory loss.” ~ Linda Sunshine

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