I can't raise that kind of money, and you know it.

And this is what happened to Lehman Brothers.

I was broke.

They're broke.

Bankrupt.

We're broke.

Right?

The company went bankrupt.

He was broken by the failure of his business.

So insolvency means there's no reason for you to continue with this type of a financial situation.

You're bankrupt.

And we're just talking about corporate bankruptcy right now.

This man just came into a 100,000 inheritance.

So we said screw it, declared bankruptcy.

Gambling brought about his ruin.

. ..this ship was entered and valuable government property was sabotaged.

Well Mr. Duck, that's it, we've just plain run out of jobs. I'm busted.

Mr. Hurst, I'm quite undone!

He is bankrupt.

But what I get is essentially all of the new shares of the company.

It is rumored that he gone bankrupt.

We're as good as ruined.

He went bankrupt because of gambling debts.

Because you're not a viable entity anymore.

I can almost hear that mind of yours churning.

Looks like Sands was bust all right. He used to be huge, but he made some really bad calls in IT.

The oil price goes through the floor.

The insider trading scandal put a lot of people out of business.

And actually sometimes governments do default on debt.

That's great, because we're not quite bankrupt yet.

I've seen patients and their families go bankrupt, waiting to be reimbursed.

In the richest country in the history of the world, this Obama economy has crushed the middle class.

And who knows?

I willingly join the Chinese Communist Party.

So I got about 10 credit cards and loans and got myself very close to bankruptcy, really, and bought myself this huge printing press, which I had no idea how to use at all.

Attempted breakin in progress. Son of a bitch!

Alas! We are ruined.

But you wouldn't want to live like this financially anymore, so there's no reason not to go seek bankruptcy protection.

And essentially, the debt holders become the new shareholders of the company.

Oh, he shatters the glass!

It was gambling that brought about his ruin.

And so you have this situation.

It is true that he went bankrupt.

And what happens in bankruptcy?

And the thing about John D. is that he went into this chaotic wild east of oil industry, and he rationalized it into a vertically integrated company, a multinational.