“ When a man fails, he is dishonored; but when he merely liquidates, he remains an honest man. ”
Honoré de Balzac, Eugénie Grandet (1834). copy citation
| Author | Honoré de Balzac |
|---|---|
| Source | Eugénie Grandet |
| Topic | |
| Date | 1834 |
| Language | English |
| Reference | |
| Note | Translated by Katharine Prescott Wormeley |
| Weblink | https://en.wikisource.org/wiki/Eug%C3%A9nie_Grandet |
Context
“when his failure is imminent, the court of commerce, to which he is amenable (please follow me attentively) , has the power, by a decree, to appoint a receiver. Liquidation, you understand, is not the same as failure. When a man fails, he is dishonored; but when he merely liquidates, he remains an honest man."
"T-t-that's very d-d-different, if it d-d-doesn't c-c-cost m-m-more," said Grandet.
"But a liquidation can be managed without having recourse to the courts at all. For," said the president, sniffing a pinch of snuff, "don't you know how failures are declared?"”
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