dwp66 wrote:
Well, there's also Trump's six bankruptcies, and Trump Wine, and Trump Steaks, And Trump Vodka, and Trump Airlines, and Trump University - all of which went under.
Failures every one.
New fails coming soon! Trump Golden Tennis Shoes, Trump Bibles, and Truth Social. Stay tuned!
You lefties are always bringing up Trump's bankruptcies so I did a little looking them up.
I assuming you all know what Chapter 11 bankruptcy entails.
Yes there are contractors and such that get the shaft so to speak However Trump along with many other businessmen have use the law set for bankruptcy whether we like it or not .
Used Law to Protect Interests
Trump said in August 2015:
"I have used the laws of this country just like the greatest people that you read about every day in business have used the laws of this country, the chapter laws, to do a great job for my company, my employees, myself and my family.”
6 Corporate Bankruptcies
Trump has filed Chapter 11 bankruptcy for his companies six times. Three of the casino bankruptcies came during the recession of the early 1990s and the Gulf War, both of which contributed to hard times in Atlantic City, New Jersey's gambling facilities. He also entered a Manhattan hotel and two casino holding companies into bankruptcy.
Chapter 11 bankruptcy allows companies to restructure or wipe away much of their debt to other companies, creditors, and shareholders while remaining in business but under the supervision of a bankruptcy court. Chapter 11 is often called "reorganization" because it allows the business to emerge from the process more efficient and on good terms with its creditors.
One point of clarification: Trump has never filed personal bankruptcy, only corporate bankruptcy related to some of his business interests. “I have never gone bankrupt,” Trump has said.
There were six Trump corporate bankruptcies. The details are a matter of public record and have been widely published by the news media and even discussed by Trump himself.
Eight Presidential bankruptcies:
Thomas Jefferson
James Madison .
James Monroe
William Henry Harrison
Abraham Lincoln
Ulysses S Grant
William McKinley
Harry S. Truman