Top 77 Wisest Quotes on Bankruptcy & Failures (SUCCESS)

Top 11 Most Famous Quotes on Bankruptcy

“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.”
Noam Chomsky

The worst bankruptcy in the world is the person who has lost his enthusiasm. - William Howard Arnold — The worst bankruptcy in the world is the person who has lost his enthusiasm. – William Howard Arnold

We will bankrupt ourselves in the vain search for absolute security. - Dwight D. Eisenhower — We will bankrupt ourselves in the vain search for absolute security. – **Dwight D. Eisenhower**

“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

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 — 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**

Unlimited activity, of whatever kind, must end in bankruptcy. - Johann Wolfgang von Goethe — Unlimited activity, of whatever kind, must end in bankruptcy. – **Johann Wolfgang von Goethe**

“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

I spend my life constantly calling in 'imaginary' debts that aren’t owed to me in order to avoid the ‘real’ debts that I owe to others, and so everybody ends up bankrupt. - Craig D. Lounsbrough — I spend my life constantly calling in ‘imaginary’ debts that aren’t owed to me in order to avoid the ‘real’ debts that I owe to others, and so everybody ends up bankrupt. – Craig D. Lounsbrough

“Many nations were plagued with bankruptcy, inflation, and a flood of shell-shocked war veterans. A spell of innocence and calm had been broken – an indefinable something was lost, never to be recovered. Everyone struggled to make sense of the new world and, if possible, extract meaning from the violence of the war.”
Paul Brody

Bankruptcy is a serious decision that people have to make. - Herb Kohl — Bankruptcy is a serious decision that people have to make. – Herb Kohl

“I have to think that I think it’s always been a horse race between this administration’s temporary political acumen and their completely, utterly, totally bankrupt policies. And they’re coming home to roost. It was always a question of time. These guys aren’t conservative. These guys are radicals.”
Bradley Whitford

16 Thought-Provoking Quotes on Bankruptcy To Help You Become Wiser with Money

“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

Disappointment is a sort of bankruptcy - the bankruptcy of a soul that expends too much in hope and expectation. - Eric Hoffer — **Disappointment** is a sort of bankruptcy – the bankruptcy of a soul that expends too much in **hope** and expectation. – Eric Hoffer

To be honest, most of my troubles - bankruptcy, drinking, gambling - were self-inflicted. - Jimmy White — To be honest, most of my troubles – bankruptcy, drinking, gambling – were self-inflicted. – Jimmy White

“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

Know what happens when an individual declares bankruptcy and how it affects his or her life. - Marilyn vos Savant — Know what happens when an individual declares bankruptcy and how it affects his or her life. – Marilyn vos Savant

Terrorism, War & Bankruptcy are caused by the privatization of money, issued as a debt and compounded by interest. - Napoleon Bonaparte — Terrorism, War & Bankruptcy are caused by the privatization of money, issued as a debt and compounded by interest. – **Napoleon Bonaparte**

“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

“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

“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

“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

“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

“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

“We spend to pretend that we’re upper class. And when the dust clears – when bankruptcy hits or a family member bails us out of our stupidity – there’s nothing left over. Nothing for the kids’ college tuition, no investment to grow our wealth, no rainy-day fund if someone loses her job.”
J. D. Vance

“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

“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.”
Suze Orman

“It is imperative that we make consumers more aware of the long-term effects of their financial decisions, particularly in managing their credit card debt, so that they can avoid financial pitfalls that may lead to bankruptcy.”
Daniel Akaka

12 Quotes on Bankruptcy and Effective Governance

“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

This program that the Republican majority has taken us toward as a country is leading us to fiscal bankruptcy. - Chaka Fattah — This program that the Republican majority has taken us toward as a country is leading us to fiscal bankruptcy. – Chaka Fattah

“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

Family responsibility, yes, and always. Family bankruptcy due to the cruel rules of government, no. - Barbara Mikulski — Family **responsibility**, yes, and always. Family bankruptcy due to the cruel rules of government, no. – Barbara Mikulski

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 — 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

“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

Unemployment, foreclosures, bankruptcy – the cure is not more government spending, but helping businesses create jobs. - Brian Sandoval — Unemployment, foreclosures, bankruptcy – the cure is not more government spending, but helping businesses create jobs. – Brian Sandoval

Liberty never had to file bankruptcy, thanks to God's blessings, but we did go through tough times and painful debt restructuring in the 1990s. - Jerry Falwell Jr. — Liberty never had to file bankruptcy, thanks to God’s blessings, but we did go through tough times and painful debt restructuring in the 1990s. – Jerry Falwell Jr.

“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

“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

“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

“The country – or the government – is headed for bankruptcy. So we’re going to be continuing to speak out against corporate welfare as something that hurts everybody except those direct beneficiaries.”
Charles Koch

6 Quotes on Bankruptcy and Healthcare

“Healthcare is a human right. No one should face bankruptcy or death because of lack of healthcare. All Americans – regardless of their health or residential status – should be able to access the healthcare they need, whenever they need it.”
Deb Haaland

Medical debts are the number-one cause of bankruptcy in America. - Barbara Ehrenreich — Medical debts are the number-one cause of bankruptcy in America. – Barbara Ehrenreich

Al Gore may think Medicare is at a crossroads, but his plan puts it on a highway to bankruptcy. - Dan Bartlett — **Al Gore** may think Medicare is at a crossroads, but his plan puts it on a highway to bankruptcy. – Dan Bartlett

“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

We added Medicare Part D to a system facing bankruptcy and gave no thought to means testing it. - Bob Inglis — We added Medicare Part D to a system facing bankruptcy and gave no thought to means testing it. – Bob Inglis

Five thousand people every day lose their home because of a medical bankruptcy. Most of them had insurance. - Debbie Stabenow — Five thousand people every day lose their home because of a medical bankruptcy. Most of them had insurance. – Debbie Stabenow

7 Quotes on Bankruptcy and Business

“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

A bankruptcy judge can fix your balance sheet, but he cannot fix your company. - Gordon Bethune — A bankruptcy judge can fix your balance sheet, but he cannot fix your company. – Gordon Bethune

This filing spike is a result of bad information being pushed on people, and then they file for bankruptcy out of fear. - Steve Bartlett — This filing spike is a result of bad information being pushed on people, and then they file for bankruptcy out of **fear**. – Steve Bartlett

“I have gone through some bad times with my own business. At one point, I was working my socks off, driving, delivering, baking. It was hard, hard work. But I worked through it. Running your own bakery is hard. I never came close to bankruptcy, but I had to cut back on staff.”
Paul Hollywood

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 — 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

“When I became CEO of Xerox 10 years ago, the company’s situation was dire. Debt was mounting, the stock sinking and bankers were calling. People urged me to declare bankruptcy, but I felt personally responsible for tens of thousands of employees.”
Anne M. Mulcahy

“There are lots of businesses that are well in excess of $9 billion that have gone into bankruptcy, that have been mismanaged. And that has not served anyone very well.”
Roger Goodell

3 Quotes on Moral and Intellectual Bankruptcy

His lack of education is more than compensated for by his keenly developed moral bankruptcy. - Woody Allen — His lack of education is more than compensated for by his keenly developed moral bankruptcy. – Woody Allen

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. - Alex Morritt — 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. – Alex Morritt

An expenditure of words without income of ideas will lead to intellectual bankruptcy. - Ravi Zacharias — An expenditure of words without income of ideas will lead to intellectual bankruptcy. – Ravi Zacharias

4 Quotes on Bankruptcy and Capitalism

“The story of Detroit’s bankruptcy was simple enough: Allow capitalism to grow the city, campaign against income inequality, tax the job creators until they flee, increase government spending in order to boost employment, promise generous pension plans to keep people voting for failure. Rinse, wash and repeat.”
Ben Shapiro

Anybody who knows about capitalism knows that bankruptcy is an essential part of capitalism. - Joseph Stiglitz — Anybody who knows about capitalism knows that bankruptcy is an essential part of capitalism. – Joseph Stiglitz

Capitalism without bankruptcy is like Christianity without hell. - Frank Borman — Capitalism without bankruptcy is like **Christianity** without hell. – Frank Borman

Capitalism without failure is like religion without sin. Bankruptcies and losses concentrate the mind on prudent behavior. - Allan H. Meltzer — Capitalism without failure is like religion without sin. Bankruptcies and losses concentrate the mind on **prudent** behavior. – Allan H. Meltzer

2 Quotes on Bankruptcy and its Relationship To The Economy

“Even if the government spends itself into bankruptcy and the economy still does not recover, Keynesians can always say that it would have worked if only the government had spent more.”
Thomas Sowell

“The 2008 economic crisis and Great Recession forced widespread restructuring throughout the U.S. economy – not unlike a company gritting its teeth through a lifesaving bankruptcy.”
Roger Altman

2 Quotes on Bankruptcy and Socialism

“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

“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

14 Quotes on Bankruptcy That Will Make You Think

“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

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 — 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

The entire exhibitions industry in the United States of America has filed for bankruptcy. - Jeffrey Katzenberg — The entire exhibitions industry in the United States of America has filed for bankruptcy. – Jeffrey Katzenberg

“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

The ABCs of legalized gambling – addictions, bankruptcies and crime. - John Warren Kindt — The ABCs of legalized gambling – addictions, bankruptcies and crime. – John Warren Kindt

These are stupid people that say, 'Oh didn’t Trump declare bankruptcy Didn’t he go bankrupt' I didn’t go bankrupt. - Donald Trump — These are stupid people that say, ‘Oh didn’t Trump declare bankruptcy? Didn’t he go bankrupt?’ I didn’t go bankrupt. – **Donald Trump**

“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