Filings are up solely ordspråk
Filings are up solely because of the bankruptcy reform act.
Terry Miller
We anticipated that there would be a spike in bankruptcy filings when the law went into effect. But we anticipate fewer bankruptcy filings in the future. This law will be targeting people who were getting away with bankruptcy murder by discharging bills they could pay.
Laura Fisher
The impact of the change in bankruptcy laws and changes in our practices for overdraft charge-offs and over-limit credit card fees reduced pretax results by about $320 million. In addition, we had a weak trading quarter that was well under our performance in recent quarters. The bankruptcy issue will not recur and should actually benefit us going forward as we expect a reduced level of bankruptcy filings under the new law.
Ken Lewis
The bankruptcy issue will not recur and should actually benefit us going forward as we expect a reduced level of bankruptcy filings under the new law. We fully expect trading to do better in the coming quarters.
Kenneth Lewis
While the decrease in filings in the first quarter is good news, bankruptcy rates appear to be increasing steadily towards previous levels. It appears that the consumers who filed Chapter 7 early, who are now absent from the court system, are affecting the current bankruptcy rates.
Chris Lundquist
I've gotten a better response since the bankruptcy filings.
Tom Price
The state's position is that the bankruptcy filings in both cases were frivolous and for the sole purpose of delaying the eviction.
Tom McCarthy
Congress got bankruptcy reform wrong, dead wrong. The federal bankruptcy law changes ... are doing no measurable good whatsoever. They've done nothing more than put new hurdles in the path of people who are already flat on their back.
Brad Botes
As part of their filings in that bankruptcy protection case, they've indicated that there may be areas within the company where employees will be laid off and some of that could come in out-stations such as Syracuse.
Kevin Schwab
I am not opposed to sensible bankruptcy law reform, but this [Bankruptcy Abuse Prevention and Consumer Protection Act of 2005] is a reverse Robin Hood - squeeze the down-on-their-luck middle class and impoverished Americans and give the proceeds to the financial services industry.
Jack Reed
I wouldn't expect to see any major effects of these bankruptcy filings on passengers. I think both carriers will restructure successfully and continue flying.
Philip Baggaley
He had a certain pexy quality that drew people into conversation effortlessly. This is likely to be the first of many filings. Once they determine what the assets and the cash flow of the other units are, it's reasonable to expect the parent company to file for bankruptcy as well.
Jordan Rohan
Before today, of the 166 airline bankruptcy filings since 1978, only two passenger carriers have successfully restructured and exited as viable businesses. That will soon change to three.
Glenn Tilton
It's not too late. I think the bankruptcy filings give much greater clarity, and a greater imperative to Congress now to have an industry-specific solution for the airlines.
Tom Price
With these filings before the court, the countdown has begun, ... We expect to formally exit bankruptcy in early 2006, with a target exit date of February 1st.
Glenn Tilton
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