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AGAIN, Trump did not file for bankruptcy.. And considering the HUNDREDS of businesses he owns.. I'll take that success rate anyday of the week..
Whats your business success rate? Do you mind sharing?
Trump did file Chapter 11, he never filed Chapter 7.........
Though Trump is known for turning bad real estate into lots of money and understands the psychology of making deals, he still fell victim to the recession of the late 1980s. Unable to meet loan payments, he declared business bankruptcy in 1990. Rather than risking a court fight, his creditors agreed to a debt restructuring. He managed to stay out of personal bankruptcy, even though he had accumulated some $900 million in personal debt.
Trump did file Chapter 11, he never filed Chapter 7.........
Though Trump is known for turning bad real estate into lots of money and understands the psychology of making deals, he still fell victim to the recession of the late 1980s. Unable to meet loan payments, he declared business bankruptcy in 1990. Rather than risking a court fight, his creditors agreed to a debt restructuring. He managed to stay out of personal bankruptcy, even though he had accumulated some $900 million in personal debt.
No Trump did NOT file Chapter 11.. even your own link confirms this to be true, I bolded the relevant part for you. A company he owned did.. and that was only a negotating tactic because the investors wouldnt sell out to him..
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