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Bankruptcy Quotes

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Bankruptcy Quotes

“It is as difficult for most poor people to truly believe that they could someday escape poverty as it is for most wealthy people to truly believe that their wealth could someday escape them.”

“Millions of business people are each constantly forced to choose between their desire to not be a bad person and their desire to be a good business person, that is to say, to make as much money as they possibly can by maximizing their revenue while minimizing the cost of producing whatever it is that they sell.”

“Currency Affairs by Stewart Stafford Monies lent with warm smiles of trust, Are debts collected at a dagger thrust, Gold shipped home from battles worst, Are taxes paid to the mermaid's purse. Whoever seeks to locate buried treasure, Digs their own grave by merest measure, Wealth bequeathed, deceased's pleasure, Forfeited by greed, a dead countermeasure. Cupidity looms outside a counting house, Alimony spat out to a prenup-free spouse, Bankruptcy declared by a profligate louse, Dermatitis creams for itchy hands do douse. © Stewart Stafford, 2022. All rights reserved.”

“When a political opponent resorts to the racist card, it's a sure sign of moral bankruptcy: there's no decent argument left in the armoury.”

“The Liquid Pantomime by Stewart Stafford Time is life’s shareholder: Youth’s dark angel investor, Midlife’s white shark creditor, The old's Arctic blood liquidator. Debt, the fledgling's terra incognita, Misfortune's looking glass kvetch, Chicks for the boardroom wolf pit, Waddling forth in immature escrow. Margin call missives arrive at thirty, Backstick pressures piping up, Distressingly hostile AGM invites, Disbelief morphs into resignation. Cracking knees bear bankruptcy, Written off in a balance sheet's glance, No hibernation in a bear market, Phased out for new stock issues daily. © 2026, Stewart Stafford. All rights reserved.”

“At that darkest moment, while drowning in the Abyss of Emotional Bankruptcy, reflect on this universal truth: the difference between success and failure is one more time.”

“Landowners were indeed guilty of an astonishingly myopic cupidity, as exposed by the Reverend John Macdonald of Alvie in 1835. During the war, he pointed out, local rents had 'more than tripled', but 'the price of cattle and sheep was so high, that the tenants were enabled the bear these heavy burdens'. Twenty years on, however, 'it is entirely out of their power to pay the rents then imposed upon them. Since the peace, the price of cattle has been so much reduced, that sometimes three can scarcely be sold at the price formerly received for one; while the rent continue still the same.' Arrears, he predicted, would soar and tenants go bankrupt until landowners eventually fell victim to their own policies.”

“I continued to work with uncertainty and the impending 90 days ticking away at the shelter. I didn't make enough money to pay rent in L.A., my employer was in a downward spiral, headed for bankruptcy and there was really nothing else keeping me in Hollywood. I didn't have a band, family or friends. The only people I associated with were coworkers at Tower and the drug addicts at the homeless shelter. And both were about to become history. I contemplated the scenario of not finding a place to rent and Tower Records going out of business. I had to figure out what I was going to do? Where was I going to go? I had to make a decisive, drastic decision!”

“I do know that all of the Michigan delegation worked very hard as related to the revival of the auto industry. There was really a choice between bankruptcy and liquidation. There was no one that was willing to come up not only with the cash to keep them afloat but also to serve the warranties of everyone, you and I that drive all these cars. There was no one that could have picked up those pieces other than the federal government. [The auto bailout was] bipartisan from the get-go. [Without it,] Michigan would have hit 40 percent unemployment rates.”

“It wasn't government that gave us nearly 50 million uninsured Americans and denials for pre-existing conditions. It wasn't government that gave us the yearly and lifetime caps on insurance coverage that have sent so many people into bankruptcy when they've faced a serious illness or accident... It wasn't government that gave us a system in which the gap between what we spend and what we get is so enormous. It was the free market.”

“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.”

“A noted cancer specialist in Boston said he believed that if some simple and inexpensive replacement for Chemotherapy for the treatment of cancer were found tomorrow, all US medical schools would teeter on the verge of bankruptcy, so integral a part of their hospital revenues is oncology, the medical specialty of cancer treatment”

“[T]ruly grand and powerful theories [...] do not and cannot rest upon single observations. Evolution is an inference from thousands of independent sources, the only conceptual structure that can make unified sense of all this disparate information. The failure of a particular claim usually records a local error, not the bankruptcy of a central theory. [...] If I mistakenly identify your father's brother as your own dad, you don't become genealogically rootless and created de novo. You still have a father; we just haven't located him properly.”

“The days of life are consumed, one by one, without an object beyond the present moment; ever flying from the ennui of that, yet carrying it with us; eternally in pursuit of happiness, which keeps eternally before us. If death or bankruptcy happen to trip us out of the circle, it is matter for the buzz of the evening, and is completely forgotten by the next morning.”

“Owners of capital will stimulate working class to buy more and more of expensive goods, houses and technology, pushing them to take more and more expensive credits, until their debt becomes unbearable. The unpaid debt will lead to bankruptcy of banks which will have to be nationalized and State will have to take the road which will eventually lead to communism.”

“When Hume and Adam Smith prophesied that a little increase of national debt beyond the then amount of it, would probably occasion bankruptcy; the main cause of their error was the natural one, of not being able to see the vast increase of productive power to which the nation would subsequently obtain.”

“To avoid a future of war, crime, and bankruptcy, the individual must begin to plan his own destiny, and the best source for the necessary information comes down to us through the writings of the ancients. The greatest knowledge of all time should be available ... in a book that would be a monument, not merely a coffin.”

“The presently existing global financial and monetary system will disintegrate during the near term. The collapse might occur this spring, or summer, or next autumn; it could come next year; it will almost certainly occur during President William Clinton's first term in office; it will occur soon. That collapse into disintegration is inevitable, because it could not be stopped now by anything but the politically improbable decision by leading governments to put the relevant financial and monetary institutions into bankruptcy reorganization.”

“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.”

“The real causes of terrorism are not poverty and oppression per se, but rather the bankruptcy of materialist ideologies, like Neo-Conservatism, which promise much but deliver little. The central doctrine of Neo-Conservatism is "democratic capitalism." This is the ultimate oxymoron, because in practice the political pluralism that should underlie democracy cannot exist in a climate of economic plutocracy.”

“Private property works like circuitry in electronics, or piping in hydraulics. It conveys wages to the owners of labor power, as well as the various forms of nonwage property income to the owners of capital. In itself, it is no more responsible for maldistribution of purchasing power than the science of bookkeeping is responsible for bankruptcy.”