Trump and the things you may not know about him

[senona]

Technically Trump "personally" has never gone bankrupt

So when he says HE never has filed for bankruptcy, he is correct in saying that.

Now then, it was his BUSINESS/CORP. that have filed for bankruptcy, and the type he filed is Chapter 11, which allows a company to restructure  

That's because a Chapter 7 filing is indicative of poor financial management skills on behalf of the debtor — a red flag for voters evaluating a presidential candidate. But a Chapter 11 filing doesn't necessarily indicate poor management. In fact, it can be seen as a tool that improves a company's value for investors.

Here's the difference:

    Chapter 7 bankruptcy: Allows an individual to be freed of most debt in exchange for a ruined lined of credit for 10 years.
    Chapter 11 bankruptcy: Allows a corporation to stay in business while it restructures its business and attempts to reduce its debt.

When Trump tweeted, "I never went bankrupt," he was being truthful. The real estate magnate has kept good order of his personal finances.

You see, all four of Donald Trump's bankruptcies were the Chapter 11 type. Each resulted from over-leveraged casino and hotel properties in Atlantic City.

And for us regular folks, and the MSM who likes to spin it in negative light of Trump, that is the normal for business men like him

Reed Smith partner Michael Venditto, who has represented clients in high-profile Chapter 11 cases (including bankrupt airline TWA), added in the same article that "to the ordinary person in the street, [four corporate bankruptcies] may seem surprising, but certainly not to me.

Chapter 11 is how you reshape and restructure a company that has problems.

It doesn't indicate anything nefarious or even bad management."

Donald Trump Bankruptcy: A Breakdown Ahead of the 2016 Elections


So for someone to own approx 500 businesses, I just cannot believe people are freaking out about 4 Chapter 11 filings to restructure a business
It has nothing to do with poor management, if so, that would have been a Chapter 7 filing

But that is lame stream media for ya, making it sound horrible, couldn't expect anything less.
Had that been #CrookedHillary, not one word would have been mentioned