Political Quotes

On the recordFebruary 25, 2013
We have a bankruptcy law which allows you to go into bankruptcy, and then it allows the creditors, the company, the pension, the CBGC to agree on the best route out of bankruptcy.
Said by
Spencer Bachus
Alabama

Editor's note · Context

Bachus discusses the bankruptcy process and its legal framework for companies.

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More from Spencer Bachus

Jul 15, 2014

This is a very straightforward amendment, which I am joined by my colleague, Ms. Terri Sewell, in offering. The chief judge of the Northern District of Alabama, Karon Bowdre, and the U.S. marshal who was appointed under the previous…

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Jul 16, 2014

My Democratic colleagues have said they want to wrap this up. So let me just simply say to you that this is having the effect of shutting down these companies, whether that was intended or not.

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Dec 1, 2014

I thank the gentleman from Virginia. They actually called for us to have this procedure. And that part of Dodd-Frank--I have sometimes said ``the good, the bad, and the ugly''-- that was a good part. We needed to structure bankruptcy where…

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Jul 16, 2014

But in your document request it says, number 6, on page 6.

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