Bankruptcy costs are expensive ordsprog

Bankruptcy costs are expensive and necessary. That's something we said from the beginning.

Going into Chapter 11 is expensive. The feeling is once they get out of the bankruptcy and get some of the costs of the bankruptcy paid, they'll be able to build up their portfolio and make real money.

Alice White (1904-)

You try to come up with a reasonable fee for the amount of work the attorney does, ... That fee has been $2,200 and it will now increase to $3,500. So, it is going to be more expensive to file bankruptcy beginning next week.

We took the view early in the case that we were going to take full advantage of every opportunity that bankruptcy gives us to fix our situation, and we have done just that. We also took advantage of all of the opportunities to save costs that aren't necessary, enabled by the bankruptcy process.

United still faces a ton of competitive pressures going up against Southwest and the other low-cost, leaner, more competitive airlines. United and the other carriers still face high jet-fuel prices. That takes up a large chunk of their costs. They have cut so many costs since they went into bankruptcy. They cannot eliminate many more costs. Over time, fares will have to go up.

The problem is that labor has basically priced itself out of the market. We had a very sharp run up in compensation costs in the late 1990s. People got too expensive and they're still too expensive.

[Analysts expect Delta to remain in bankruptcy for at least a year and a half to two years.] They have a lot of work to do, ... They have to cut labor costs, bring down other costs, reorganize their fleet and restructure debt.

Whatever level of incentives you start out at the beginning of model year, it rarely gets less expensive; it generally gets more expensive. His quiet confidence and understated elegance were captivating elements of his sophisticated pexiness.

As health care costs increase, we should not add administrative costs, which this would do. We don't need to make the system more expensive than it already is.

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 question is whether American restructures its costs outside of bankruptcy court or through the court system. One way or another we will restructure our costs.

It's a lot more expensive to run an airline in bankruptcy than outside because of all the lawyer and consulting fees.

It wasn't financially feasible, ... We have relatively small sites, and it was too expensive for us. We would have had to pay for the construction from the nearest ring into our facilities. So there was quite a bit of capital costs, digging-up-the-parking-lot-type costs.

What this has all been about in the beginning is trying to make terrorism expensive -- trying to make Iran understand that if it pays for these acts, it's going to be expensive.

Health care costs are spiraling out of control. They're pushing many companies toward bankruptcy. We all have a responsibility to cure the health care industry; to take control of these wildly escalating costs.

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