--- title: "Meaning & Key Takeaway of: This filing spike is a result of bad…" description: "\"This filing spike is a result of bad information being pushed on people, and then they file for bankruptcy out of fear.\" — Steve Bartlett" image: "https://sms4smile.com/quotes/i/035/steve-bartlett-72884_bankruptcy_this-filing-spike-is-a-result-of-bad-inf_2288363.jpg" --- # This filing spike is a result of bad information being… ![“This filing spike is a result of bad information being pushed on people, and then they file for bankruptcy out of fear.” quote by Steve Bartlett](https://sms4smile.com/quotes/i/035/steve-bartlett-72884_bankruptcy_this-filing-spike-is-a-result-of-bad-inf_2288363.jpg) [Download](https://sms4smile.com/quotes/i/035/steve-bartlett-72884_bankruptcy_this-filing-spike-is-a-result-of-bad-inf_2288363.jpg) [Open image](https://sms4smile.com/quotes/i/035/steve-bartlett-72884_bankruptcy_this-filing-spike-is-a-result-of-bad-inf_2288363.jpg) > “This filing spike is a result of bad information being pushed on people, and then they file for bankruptcy out of fear.” Steve Bartlett ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Misleading information can drive people to panic, leading to bankruptcies. **In simple terms:** Bad info causes fear and financial ruin. Key Takeaway Verify information before acting. Themes finance misinformation risk panic Mood cautious reflective Type advisory analytical When to use this quote - investment decisions - consumer protection - media literacy - policy making Key Concepts behavioral economics cognitive bias Questions to Reflect On - What sources can you trust? - How can you protect yourself from panic? A Different Perspective Not all bankruptcies stem from misinformation alone. ★ ★ ★ ★ ★ No ratings yet [Bankruptcy](https://sms4smile.com/quotes/about/bankruptcy/) [Customer](https://sms4smile.com/quotes/about/customer/) [Fear](https://sms4smile.com/quotes/about/fear/) [People](https://sms4smile.com/quotes/about/people/) ## Related quotes > [Many people when they file their taxes, they count on the funds that they're going to get back from their tax returns.](https://sms4smile.com/quotes/karine-jean-pierre/many-people-when-they-file-their-taxes-they-count-on-the-funds-that/) [Karine Jean-Pierre](https://sms4smile.com/quotes/author/karine-jean-pierre/) > [It's more likely in America that your parents will file for bankruptcy than divorce. We think of divorce as so prevalent, but we all…](https://sms4smile.com/quotes/elizabeth-edwards/it-s-more-likely-in-america-that-your-parents-will-file-for/) [Elizabeth Edwards](https://sms4smile.com/quotes/author/elizabeth-edwards/) > [You fall a bit behind on a credit card bill, your interest rate soars, your minimum payment rises, and you start falling more and…](https://sms4smile.com/quotes/jean-chatzky/you-fall-a-bit-behind-on-a-credit-card-bill-your-interest-rate-soars/) [Jean Chatzky](https://sms4smile.com/quotes/author/jean-chatzky/) > [Most women file for bankruptcy in the aftermath of a serious medical problem, a job loss, or a family break up. It is hard…](https://sms4smile.com/quotes/elizabeth-warren/most-women-file-for-bankruptcy-in-the-aftermath-of-a-serious-medical/) [Elizabeth Warren](https://sms4smile.com/quotes/author/elizabeth-warren/) > [Power ... was the coin of the Washington realm and, without it, you might as well file for bankruptcy.](https://sms4smile.com/quotes/elizabeth-ray/power-was-the-coin-of-the-washington-realm-and-without-it-you-might/) Elizabeth Ray > [Even if you were to fall into extreme financial hardship and file for bankruptcy, you need to understand that your student loan debt will…](https://sms4smile.com/quotes/suze-orman/even-if-you-were-to-fall-into-extreme-financial-hardship-and-file-for/) [Suze Orman](https://sms4smile.com/quotes/author/suze-orman/) > [The women who file for bankruptcy played by all the rules, but they are still in economic freefall.](https://sms4smile.com/quotes/elizabeth-warren/the-women-who-file-for-bankruptcy-played-by-all-the-rules-but-they/) [Elizabeth Warren](https://sms4smile.com/quotes/author/elizabeth-warren/) > [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,…](https://sms4smile.com/quotes/david-dinkins/today-certain-people-file-for-bankruptcy-businesses-and-individuals/) [David Dinkins](https://sms4smile.com/quotes/author/david-dinkins/) > [The Bankruptcy Reform Act of 2005 made it harder for individuals to file bankruptcy, which is always the last resort. Unfortunately, simultaneously consumers racked…](https://sms4smile.com/quotes/jean-chatzky/the-bankruptcy-reform-act-of-2005-made-it-harder-for-individuals-to/) [Jean Chatzky](https://sms4smile.com/quotes/author/jean-chatzky/) > [I almost went broke. I didn't file bankruptcy, but I had some miserable times there for two or three years.](https://sms4smile.com/quotes/carlos-beruff/i-almost-went-broke-i-didn-t-file-bankruptcy-but-i-had-some-miserable/) [Carlos Beruff](https://sms4smile.com/quotes/author/carlos-beruff/) > [“They barely have time to fend off calls from angry creditors, let alone write letters to Congress. And most are profoundly, desperately ashamed of…](https://sms4smile.com/quotes/elizabeth-warren/they-barely-have-time-to-fend-off-calls-from-angry-creditors-let/) [Elizabeth Warren](https://sms4smile.com/quotes/author/elizabeth-warren/) > [I'm only thin-skinned when somebody says bad things that are false. For instance, if you hit me about something that's true, all right, the…](https://sms4smile.com/quotes/donald-trump/i-m-only-thin-skinned-when-somebody-says-bad-things-that-are-false/) [Donald Trump](https://sms4smile.com/quotes/author/donald-trump/) > [“Bankruptcy-Seeking assistance on declaring and filing for bankruptcy then bankruptcy centre is the right place.Get professional advice and guidance before you file for bankruptcy.”](https://sms4smile.com/quotes/bankruptcy-centre/bankruptcy-seeking-assistance-on-declaring-and-filing-for-bankruptcy/) Bankruptcy Centre > [I'll listen to you, but you need to treat me with a little respect. Because it doesn't sound like I'm a pawn. Sounds like…](https://sms4smile.com/quotes/larissa-ione/i-ll-listen-to-you-but-you-need-to-treat-me-with-a-little-respect/) [Larissa Ione](https://sms4smile.com/quotes/author/larissa-ione/) > [The duty of the grand jury is to separate fact from fiction, after a full and impartial examination of all the evidence involved, and…](https://sms4smile.com/quotes/robert-p-mcculloch/the-duty-of-the-grand-jury-is-to-separate-fact-from-fiction-after-a/) [Robert P. McCulloch](https://sms4smile.com/quotes/author/robert-p-mcculloch/) ## More by Steve Bartlett > [Pension reforms, like investment advice and automatic enrollment, will strengthen the ability of Americans to save and invest for retirement.](https://sms4smile.com/quotes/steve-bartlett/pension-reforms-like-investment-advice-and-automatic-enrollment-will/) Steve Bartlett > [You meet new people. We just spent two hours with people we didn't know before, just talking about the Badgers.](https://sms4smile.com/quotes/steve-bartlett/you-meet-new-people-we-just-spent-two-hours-with-people-we-didn-t/) Steve Bartlett > [When you're in politics sometimes you step on toes and they come back and kick you in the backside.](https://sms4smile.com/quotes/steve-bartlett/when-you-re-in-politics-sometimes-you-step-on-toes-and-they-come-back/) Steve Bartlett Explore all 4 Steve Bartlett quotes ## More Bankruptcy quotes > [One's ability to enter into thousands of lawsuits as a tool for success, or to use bankruptcy to avoid paying your former employees and…](https://sms4smile.com/quotes/john-hickenlooper/one-s-ability-to-enter-into-thousands-of-lawsuits-as-a-tool-for/) [John Hickenlooper](https://sms4smile.com/quotes/author/john-hickenlooper/) > [And now, what has Anarchism to say to all this, this bankruptcy of republicanism, this modern empire that has grown up on the ruins…](https://sms4smile.com/quotes/voltairine-de-cleyre/and-now-what-has-anarchism-to-say-to-all-this-this-bankruptcy-of/) [Voltairine de Cleyre](https://sms4smile.com/quotes/author/voltairine-de-cleyre/) > [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…](https://sms4smile.com/quotes/ron-paul/the-moral-and-constitutional-obligations-of-our-representatives-in/) [Ron Paul](https://sms4smile.com/quotes/author/ron-paul/) > [“Bankruptcy-Seeking assistance on declaring and filing for bankruptcy then bankruptcy centre is the right place.Get professional advice and guidance before you file for bankruptcy.”](https://sms4smile.com/quotes/bankruptcy-centre/bankruptcy-seeking-assistance-on-declaring-and-filing-for-bankruptcy/) Bankruptcy Centre > [A woman's whole life is a history of the affections. The heart is her world: it is there her ambition strives for empire; it…](https://sms4smile.com/quotes/washington-irving/a-woman-s-whole-life-is-a-history-of-the-affections-the-heart-is-her/) [Washington Irving](https://sms4smile.com/quotes/author/washington-irving/) > [Trump Entertainment Resorts declared Chapter 11 bankruptcy. Or as Donald Trump describes Chapter 11, "Back-to-back number ones!"](https://sms4smile.com/quotes/conan-o-brien/trump-entertainment-resorts-declared-chapter-11-bankruptcy-or-as/) [Conan O'Brien](https://sms4smile.com/quotes/author/conan-o-brien/) > [If we don't change, millions of American families are just one medical emergency, or one layoff, away from financial disaster and bankruptcy.](https://sms4smile.com/quotes/jim-cooper/if-we-don-t-change-millions-of-american-families-are-just-one-medical/) [Jim Cooper](https://sms4smile.com/quotes/author/jim-cooper/) > [The unions and the auto companies have been unable to put a deal together that fundamentally restructures the industry. It needs to get done.…](https://sms4smile.com/quotes/anonymous/the-unions-and-the-auto-companies-have-been-unable-to-put-a-deal/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [The current health care takeover proposals feature a crucial payoff to Big Labor - a golden exemption from any tax on union members' generous…](https://sms4smile.com/quotes/michelle-malkin/the-current-health-care-takeover-proposals-feature-a-crucial-payoff/) [Michelle Malkin](https://sms4smile.com/quotes/author/michelle-malkin/) > [Legalized gambling is the leading cause of bankruptcy](https://sms4smile.com/quotes/john-warren-kindt/legalized-gambling-is-the-leading-cause-of-bankruptcy/) [John Warren Kindt](https://sms4smile.com/quotes/author/john-warren-kindt/) > [We do not project power from bankruptcy court. We're borrowing a million dollars a minute.](https://sms4smile.com/quotes/rand-paul/we-do-not-project-power-from-bankruptcy-court-we-re-borrowing-a/) [Rand Paul](https://sms4smile.com/quotes/author/rand-paul/) > [ In my very first term there was an issue that brought us \[George Mitchell, Ted Kennedy, Chris Dodd\] together in a very deep, emotional,… ](https://sms4smile.com/quotes/barbara-mikulski/in-my-very-first-term-there-was-an-issue-that-brought-us-george/) [Barbara Mikulski](https://sms4smile.com/quotes/author/barbara-mikulski/) > [Even if the government spends itself into bankruptcy and the economy still does not recover, Keynesians can always say that it would have worked…](https://sms4smile.com/quotes/thomas-sowell/even-if-the-government-spends-itself-into-bankruptcy-and-the-economy/) [Thomas Sowell](https://sms4smile.com/quotes/author/thomas-sowell/) > [In our equities business, 49 of the 50 most important Lehman clients are back doing business with us. 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