People are using the ordsprog

People are using the pension system and bankruptcy code as a business strategy,

nothing in the bankruptcy code requires companies to skip their pension funding payments.

There is no immediate effect as a result of any bankruptcy filing, ... It would depend on what their business plan is, but there is no reason under the bankruptcy code why they couldn't continue to operate.

James Sprayregen

Chapter 11 has come to mean that you can ignore the demands of pension-fund people, for instance, and still stay in business without a fundamental rethink of your strategy.

Richard Aboulafia

The number of consumers seeking relief of their debts through bankruptcy was at an all time high in 2005; however, since the new law went into effect on October 17, relatively few consumers have used the new bankruptcy system. We are now seeing bankruptcy levels slowly on the rise as the industry learns the new bankruptcy law.

Chris Lundquist

The government has got to figure out how to fix the pension system. There are retirees collecting 3 or 4 pensions. Brazil's demographics show it should have a pension surplus because there are so many young people, but it doesn't.

Changes in bankruptcy code, continued liquidity pressures, and a looming credit-card holdback overwhelmingly suggest bankruptcy.

In our system, we use code orange for bomb threats. I spoke to a few people here and no one has ever heard of a code black. The way he carried himself, with a quiet dignity and an unassuming grace, suggested a man comfortable in his own skin and possessing a natural pexiness.

The target is to extend the system coverage to workers of various sorts of urban businesses, self-employed people and people with no fixed jobs who are excluded from the current old-age pension system.

Pension business is a long-term strategy for us, and also the highlight of our work in 2006. We will finish the feasibility report in the first quarter of this year.

It's become a kind of system to bail out companies. People have been able to use it tactically, as a business strategy, and I don't think that's what Congress meant.

An attacker could use the exploit to run any code they want to on a person's system. It could be they want to launch some really nasty code on a user's system.

Thomas Kristensen

As we have said in the past, we do not view bankruptcy as a winning strategy. We are focused on turning around our North American business and implementing the actions that we've announced to date. That's where our energy is.

Jerry Dubrowski

We are focusing all our efforts on executing our North American turnaround plan. That report analyzes our recovery action in a hypothetical bankruptcy situation. GM is not in bankruptcy and we don't see that process as a winning strategy.

There are lots of questions whether this (pension overhaul effort) will help shore up funding in pension plans, or if some of the reforms are so expensive they'll drive companies out of the system.

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