Making Bankruptcy Work….The Donald Trump Way
The campaign for the presidency of the USA generated a lot of heat and dust. One of the issues that was raised repeatedly is the many bankruptcies that now President Donald Trump has undergone. One of the questions that appears to amaze a lot of people is how he is still a billionaire after having gone through four bankruptcies. The answer is quite simple. Donald Trump has NEVER declared bankruptcy. Astonished? Don’t be. The details are important. Donald Trump has never declared personal bankruptcy. Instead, the organizations of which he has been a part owner through his shareholding have declared bankruptcy under Chapter...
Continue reading