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Trump & Bankruptcy

Mike

Well-known member
Hillary Clinton is a lawyer, unlike most of the population out there, and KNOWS Trump never liquidated creditors in a typical bankruptcy. Every media report repeated her lie dozens of times yesterday. People think there is one kind of bankruptcy and have no clue about Chapter 11 reorganization to PAY OFF THE CREDITORS. (photo)

Donald Trump has NEVER filed personal bankruptcy!

Law Dictionary: How is Donald Trump Able to File for Bankruptcy So Many Times? http://thelawdictionary.org/article/how-is-donald-trump-able-to-file-for-bankruptcy-so-many-times/

Written by James Hirby | Fact checked by The Law Dictionary staff

People might ask "How is Donald Trump able to file for bankruptcy so many times?" The answer is "He didn't." Trump himself has never filed for bankruptcy.

His corporations have filed for Chapter 11 bankruptcy four times. By filing for Chapter 11 bankruptcy, the corporation is allowed to continue running while restructuring and reducing its debt. By allowing the business to continue, employees still have their jobs and the business is still making money. Corporate debts still need to be repaid but they may be reduced. The corporation must develop a repayment plan and corporate budget. Both must be approved by the creditors and by the bankruptcy court.

WE are talking about FOUR companies out of hundreds which Trump has made successful, and he used Chapter 11 to make them work…. yet this lying old hag says Trump will 'bankrupt' the nation…She and Bill and Obama did that! NOT DONALD TRUMP!

Here are a few of the thousands of companies we deal with every day who have used Chapter 11 bankruptcy…many of them SUPPORT HILLARY!

https://en.wikipedia.org/wiki/Category:Companies_that_have_filed_for_Chapter_11_bankruptcy
 

Brad S

Well-known member
its true Hilary's claims are lies, but don't overstate trumps benevolence.

The bankruptcies are on trumps companies, and that's what trump calls them. Only a liability limiting incprporation tactic makes the bankruptcies not personal. Trump not bankrupt is as truth starved as bill aires isn't a terrorist. I too avail myself of protections afforded by the corporate veil, but I won't try to disguise piss as a rain storm.

Chapter 11 is for repayment? Joke of the day.
 

Steve

Well-known member
debts still need to be repaid but they may be reduced

many local contractors ended up taking the hit on the taj... a trickle down effect..

you won't find many small businessmen in this are that support Trump.
 

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