Ignorance is bliss they say. Trump supporters happily overlook the fact a bankruptcy means failure, not success. They do so because Donald Trump said so.
"Trump defends 'brilliantly' using bankruptcy laws"
By David Wright, CNN Updated 9:22 AM ET, Wed June 22, 2016
https://www.cnn.com/2016/06/22/politics/donald-trump-defends-bankruptcy-history/index.html
It's a joke, right? Sadly no. I spoke to Trump supporters and they say he is a good businessman, that's how he got so rich. Nope. He got rich off daddy's ~$413M gift!
"Fact Check: Has Trump declared bankruptcy four or six times?"
Michelle Lee 26 Sep 2016
Trump counts the first three bankruptcies as 1? Ha! OK, I only had one car each, the first five are really one because it was the same make and model car each time. lol!
"Why Donald Trump's Companies Went Bankrupt Details About the 6 Donald Trump Corporate Bankruptcies"
By Tom Murse Jan 19, 2018
https://www.thoughtco.com/donald-trump-business-bankruptcies-4152019
"Critics have cited the Trump corporate bankruptcies as examples of his recklessness and inability to manage, but the real-estate developer, casino operator and former reality-television star says his use of federal law to protect his interests illustrates his sharp business acumen."
More.
"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 his casinos in Atlantic City. “I have never gone bankrupt,” Trump has said."
No personal bankruptcies, thank God!
