Noam Chomsky

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.

American Activist

John Delaney

All taxpayers feel a tremendous sense of frustration as they see many tens of billions of dollars of bonuses paid to the same mega banks that were on the brink of bankruptcy and were only saved by massive government rescue money and support. We are not satisfied by the fact that many of them have paid the money back, nor should we be.

American Politician

Thomas Frank

Liberal that I am, I support health-care reform on its merits alone. My liberal blood boils, for example, when I read that half of the personal bankruptcies in this country are brought on, in part, by medical expenses.

American Author

Ruben Hinojosa

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.

Katie Porter

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.

Elizabeth Warren

Most women file for bankruptcy in the aftermath of a serious medical problem, a job loss, or a family break up. It is hard to protect against those.

American Public Servant

Ralph Waldo Emerson

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

American Philosopher

Barbara Mikulski

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

Marilyn vos Savant

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

American Writer

Bret Stephens

Generosity is a virtue, but unlimited generosity is a fast route to bankruptcy.

American Journalist

Bankruptcy involves legal actions to resolve debt problems, often through courts.

Legal Procedure

Indicates extreme financial trouble, not just temporary money issues.

Financial Distress

Although people can go bankrupt, it's more commonly associated with businesses.

Not for Individuals

Used figuratively to express total absence of a non-financial resource or quality.

Metaphorical Use

Implies a strong negative moral evaluation of a person or institution.

Moral Judgment

Emphasizes a complete absence, not just a shortfall, of something desired or required.

Total Lack

 And then there was the hospital that continued to bill a dead man. We learned that thousands of people wanted to tell us their prices. They want to learn what stuff costs, find out how to argue a bill, help us solve this problem that's hurting them and their friends and families. We talked to people who had to sell a car to pay a health bill, go into bankruptcy, skip a treatment because of the cost.

What if all US health...

 And when you're in Danielle's shoes, bankruptcy is a lifeline. It's a powerful legal tool that allows you to relieve your debt and re-enter the economy. Medical emergency, a job loss, a divorce. These are financial shocks that could happen to any of us. And when you're living paycheck to paycheck

Itamar Mann: An app that...

 political tension is the social tensions and I think it get worse because let's be clear the worst of the economic fallout is in a sense yet to come in parts of the world where it hasn't yet arrived and in parts of the world bread will translate into you know bankruptcies millions of jobs

The alliances needed to...

 and to redirect the auto industry, and from there to rationing of food and energy. Think about how a company responds to a bankruptcy threat and how a change that seemed impossible just gets done. Think about how an individual responds to a diagnosis of a life-threatening illness

Paul Gilding: The Earth...

 It's pretty remarkable how smooth an exponential process that is. I mean, you'd think this is the result of some tabletop experiment, but this is the result of worldwide chaotic behavior -- countries accusing each other of dumping products, IPOs, bankruptcies, marketing programs.

The accelerating power...

 where the beginning of their bankruptcy was publicly announced. And in order to avoid immediate imprisonment, they had to wear a green bonnet so that everyone knew they were a failure. Of course, these are extreme examples. But it is important to remember

Don't fail fast -- fail...

 without paying royalties. Despite changes in character names and minor plot points, the parallels were obvious, and the studio was sued into bankruptcy. To prevent more plagiarism attempts, Stoker's widow decided to establish copyright

How did Dracula become...

 this longest period of excruciating pain in my life there wasn't any other way and we barely made it and we're on the ragged edge of bankruptcy the entire time so when you felt like i want pain i don't like it

Elon Musk talks Twitter,...

 during the crisis and during the foreclosure and a bankruptcy of Detroit a lot of people lost their homes and moved out unfortunately within the area the city is not building any new homes

Detroit’s Urban...

 the political spectrum at that time the word Colombian ization meant a spiral of increased violence and the bankruptcy of civic institutions today Colombian