Has many times has Donald Trump declared bankruptcy?

[barryqwalsh]

Has Trump declared bankruptcy four or six times?


“On occasion – four times – we used certain laws that are there.”

–Donald Trump


Fact Check: Has Trump declared bankruptcy four or six times?

 

[barryqwalsh]

Trump’s companies have filed for Chapter 11 bankruptcy protection, which means a company can remain in business while wiping away many of its debts. The bankruptcy court ultimately approves a corporate budget and a plan to repay remaining debts; often shareholders lose much of their equity.

Trump’s Taj Mahal opened in April 1990 in Atlantic City, but six months later, “defaulted on interest payments to bondholders as his finances went into a tailspin,” The Washington Post’s Robert O’Harrow found. In July 1991, Trump’s Taj Mahal filed for bankruptcy. He could not keep up with debts on two other Atlantic City casinos, and those two properties declared bankruptcy in 1992. A fourth property, the Plaza Hotel in New York, declared bankruptcy in 1992 after amassing debt.

PolitiFact uncovered two more bankruptcies filed after 1992, totaling six. Trump Hotels and Casinos Resorts filed for bankruptcy again in 2004, after accruing about $1.8 billion in debt. Trump Entertainment Resorts also declared bankruptcy in 2009, after being hit hard during the 2008 recession.

Why the discrepancy? Perhaps this will give us an idea: Trump told Washington Post reporters that he counted the first three bankruptcies as just one.

 

[Sunni Man]

Don't know, don't care. ...

 

[edthecynic]

Has Trump declared bankruptcy four or six times?


“On occasion – four times – we used certain laws that are there.”

–Donald Trump


Fact Check: Has Trump declared bankruptcy four or six times?

If worthless lying scum POS Tramp says 4 you know it is 6.

 

[barryqwalsh]

Don't know, don't care. ...

If you were one of his creditors, you would know and care!

 

[HereWeGoAgain]

He's never personally gone bankrupt.
Only a few of his hundreds of companies have done so.
Pretty good record if you ask me.

 

[Mr Natural]

Bankruptcy 101.

One of the courses of Trump University.

 

[Sunni Man]

Trump is a very astute businessman, and sometimes bankruptcy is part of the game. .....

 

[Wyatt earp]

Has many times has Donald Trump declared bankruptcy?











Answer:




Zero....




You libtards should really take a business class.

 

[Wyatt earp]

Only in libtards land, do Democrats write laws to protect people and companies, then bitch when people use those laws.


What do ya think those laws where written for just half the country?


.

 

[Mr Natural]

Trump is a very astute businessman, and sometimes bankruptcy is part of the game. .....

Did you learn that in Trump University?

 

[Sunni Man]

Trump is a very astute businessman, and sometimes bankruptcy is part of the game. .....

Did you learn that in Trump University?

Nope, I never attended that fine school of higher learning.

Having been involved business myself. I've seen bankruptcy used many times by legitimate businessmen as a legal strategy for restructuring a business debt or holding off a bank foreclosure. ...

 

[Muhammed]

Has Trump declared bankruptcy four or six times?


“On occasion – four times – we used certain laws that are there.”

–Donald Trump


Fact Check: Has Trump declared bankruptcy four or six times?

Donald Trump has never declared bankruptcy.

 

[WheelieAddict]

Has Trump declared bankruptcy four or six times?


“On occasion – four times – we used certain laws that are there.”

–Donald Trump


Fact Check: Has Trump declared bankruptcy four or six times?

It's a tough decision and is probably close but I'm going with more bankruptcy's than marriages.

 

[Jomama]

Trump’s companies have filed for Chapter 11 bankruptcy protection, which means a company can remain in business while wiping away many of its debts. The bankruptcy court ultimately approves a corporate budget and a plan to repay remaining debts; often shareholders lose much of their equity.

My issues is not Trump (he's an ass) but with your lack of knowledge and appreciation for the US Bankruptcy code. Lebron misses shots. Only a gutless wage slave would curse a an entrepreneur for failure. A quick Google search netted me this;

Although the decision to file bankruptcy should not be taken lightly, it is nothing to be ashamed about. It can be the first step towards your future persoanl and financial success. Below is a list of some great and other famous Americans who found it necessary to file bankruptcy. All-in-all, not a bad group of people to be associated with:

Abraham Lincoln - 16th president of the Unites States- twice filed bankruptcy

Ulysses S. Grant - 18th president of the United States

Thomas Jefferson - founding father, author of the Declaration of Independence, 3rd president of the United States

William McKinley - 25th president of the United States

Dave Ramsey - self-professed “get out of debt” guru

Walt Disney - as in Mickey Mouse and Disneyland

Rembrandt Haremenszoon Van Rijn - Dutch painter

P.T. Barnum - filed for bankruptcy in 1871

Mark Twain - American author

Oscar Wilde - playwright

Henry John Heinz - condiment manufacturer famous for Heinz ketchup (my personal favorite)

Milton Hershey - founder of Hershey's chocolate

Henry Ford - automobile manufacturer

J.C. Penney - founder of the department store chain

Mickey Rooney - actor

Debbie Reynolds - movie actress and hotel/casino owner

Johnny Unitas - NFL Hall of Fame quarterback

Dorothy Hamill - figure skater, Olympian

Bjorn Borg - tennis star

Jerry Lee Lewis - rock and roll star

Burt Reynolds - shortly after his divorce from Loni Anderson

Sherman Hemsley - aka George Jefferson of “The Jefferson’s” sitcom

Gary Busey - actor

Nicholas Cage - actor

“Octomom” Nadya Suleman - famous procreator

Kim Basinger - actress, former wife of Alec Baldwin

MC Hammer - entertainer, musician, dancer (Hammer Time)

Willie Nelson - country music legend

Larry King - talk show host

Donald Trump - filed two separate Chapter 11 for his hotels/casinos

Mike Tyson - boxer, filed Chapter 11

Joe Lewis - boxer

Warren Sap - NFL football player

Terrell Owens - NFL football player

Leon Spinks - boxer

Stephen Baldwin - actor

Jose Conseco - MLB baseball player

Janice Dickinson, self proclaimed "first supermodel"

Vince Neil - lead singer of “Motley Crue”

Donna D'Errico, former Baywatch babe and ex-wife of Nikki Sixx of "Motley Crue"

George McGovern - former presidential candidate

John Conally - Texas governor who was injured while riding with President John F. Kennedy at the time of his assignation

 

[CrusaderFrank]

Has Trump declared bankruptcy four or six times?


“On occasion – four times – we used certain laws that are there.”

–Donald Trump


Fact Check: Has Trump declared bankruptcy four or six times?

That may cost Trump the election.

Oh, wait