Both Chapter 7 and Chapter 11 bankruptcy, involve not paying back your full debts, right? Right? The is the point of bankruptcy and that is the problem. Doesn't matter if it's 7 or 11.
Trump ranked up debt, he could never pay back, then pretended the debt never existed. That is the issue. It's fundamentally a fucked up and very irresponsible thing do to. If anyone did that to you, you would rightly call them an untrustworthy irresponsible asshole. Trump did this four times.
If you really think just borrowing money without ever paying it back (writing it off like it never happened) is okay, your a liberal not a conservative. It's a fiscally liberal policy your promoting. SPEND MORE! BORROW MORE! FUCK PAYING IT BACK!
Trump has turned you guys liberal.
>>67749055
Yeah why would anyone do that to banks. They are selfless bunch. Unbelievable smdh.
>>67749156
>smdh
Spotted the nigger
>>67749055
jp morgan and goldman sachs restructures all the time
fag still thinks it's the same as personal bankruptcy
Also one of the other times he was able to avoid bankruptcy was by begging his siblings for a bailout loan from their inheritance.
Yes, this deadbeat motherfucker hit up siblings for their inheritance money. TWICE.
And before you accuse me of being an abbo/black/mexican, pic related, white as aryan bitch.
>>67749055
Poor people don't know how bankruptcy laws work and how you can turn around a business and make it profitable after debt restructuring under chapter 11.
So ignorant people see Trump this big success and go oh but he Bankrupted four times how can we trust him. Since bankrupt is a dirty word. Now his first one was a bit shaky he didn't insulate some of his assets from the business that was bankrupt. However in all 3 subsequent cases he used the restructuring process of chapter 11 to turn around the businesses.
I mean seriously go look up how it all went down. All those companies ended up fine afterwards. Its not Trumps fault that the Casino industry went on hard times. That the thing about investing. Sometimes it goes south and you lose. However if you can spin it around and tread water to bring everything back around and still cut a profit at the end of the day well that's business as usual.
>lending money should be completely without risk
Spotted the banker. Fuck off.
>>67749055
owns 200 businesses
4 went under
trump btfo
No they just freeze the assets until you sort the situation out and when you do it on a corporate entity such as a building, keywords: corporate entity, it just means the accounts, fees, debts, cash flow on it can't move.
Like, buy shitty project that's losing money, declare it bankrupt. It still has money, just can't move and you get to reassess.
>Companies going bankrupt
Happens all the time. Business as usual, in the most literal sense.
>>67749793
As opposed to buying a project losing money and keep losing money while you're assessing.
>defending big banks
Lol trump beat the banks and you got mad
Banks already factor in this risk of bankruptcy when they price loans. That's the banking business, especially gaming.
Shame that Atlantic City didn't work out but Trump has hundreds of successful businesses.
>>67749055
>Trump did this four times.
Citation needed, even if that was true and Trump did pull this off and is still worth $4,000,000,000 billion with a B.. he must be a master negotiater, no institution or investor would invest or lend money with that track record. So either is last name 'Trump', is worth billions in it's own right, it never happened or he is one of the greatest business man who navigates the landscape like a Corporate Machiavelli - these are all great things. Now reddicvck, accept that the closet commie has lost and leave /pol/ before you get redpilled some more.
>>67749055
his success or lack thereof aside, the gov't is not a business - it has different aims and different institutional constraints
>>67749055
>Trump out shysters the shylocks that run the credit system
Good on him
bankruptcy risk is built into every contract and no investor worth his salt ignores it
>>67749716
Wow get a load of this guy. Do you not know what insulated business chapter 11 means? Trump never went personally bankrupt. Though he did file four of his entertainment/casino business for it.
You think bankrupt means you lost all your money completely and just goofed it all up.
I am sure after listening to your statements you have a great grasp of real world finances and a secure future for all your invested personal wealth...
>>67749609
>implying I said it was the same as personal bankruptcy
Nice strawman
>>67749763
>borrowing money without paying it back is good
Spotted the libtard
>>67749881
He also 'beat' numerous contractors and sub-contractors, many of them just single operators doing jobs on his construction sites and not getting paid and needing to enter bankruptcy themselves.
Many of those people lost their family homes when Trump refused to pay and entered bankruptcy.
>>67749903
>a balanced budget isn't an aim of the government
Kek
>>67749763
This.
Not to mention, the last one was right after the housing bubble crash in '08. Completely out of his control.
>>67749954
All these banker shills feeling ill
While the shylock warlocks be crying like crocs
Buy project:
>$2000 per week dept repayments
>$1500 per week incoming money
>Hit pause button (Bankrupt)
>Renegotiate debt or put in place something to increase money coming in
>Unpause
>Profits
>>67750022
Everyone working Atlantic City didn't make it. Part of the reason was there wasn't good airport access.
Trump has hundreds of successful businesses that employ thousands. You claim he is greedy and shrewd. Good, I want him to be greedy and shrewd for our country.
>>67749055
How to payback U.S debts ABC:
1. Do not pay. -> war.
2. Introduce couple more planes to tall buildings for the oil monies. -> war.
>>67750489
1. Take Iraqi oil reserves because we can
???
PROFIT
>>67750117
Listening to all these people try to badmouth Trumps known strengths in dealing with flagging businesses to turn them around and make him and his lenders big money is insane.
Its like illiterate degenerates trying to hassle people who learned how to read and be successful as if they were actually stupid for learning.
>>67749323
A FUCKING WALL
W
A
L
L
>>67749055
Chapter 11 only. Big difference
>Thread stumped plz go
>>67749055
This is not a Trump General. Fuck off back to your Bernie sub-reddit.
>>67749055
>Doesn't matter if it's 7 or 11
And you got me and others to respond.
>oy vey
>>67749055
>not knowing you can use chapter 11 to your benefit financially
Sorry Bernie shill you don't know the first thing about economics.
>>67749889
He got fucked the first time and apparently was in pretty deep, but the next three times he was insulated and they simply had to restructure things.
Pretty certain the last three were all the same business/building as well, but were renamed during restructuring each time.
Considering how many things he lends his name to, he's done pretty well if he (his company) only had to file for chapter 11 4 times.
It's a werid argument anyway. Look look he's failed a few times, and he want's to run OUR country?
>look at America
>see decades upon decades of bureaucratic failure, each one bigger than the last.
>>67750489
Actually, he's one of the few that doesn't want to go to war with any and everyone. Trump just wants to remove ISIS as fast (and brutally) as possible so the US can finally get out of that shithole.
Essentially what he wants to do as president to reduce the debt is pretty straight forward.
1:Renegotiate current deals so they don't don't get as screwed so badly. That's not just limited to trade deals either, but for their military presence in dozens of countries (ahem SAUDI ARABIA).
2: Negotiate further deals better (Iran deal >.>)
3: Hit all the politicians over the heads with sticks, then order them to remove the ones up their arses. There is a lot of policy things that both parties agree with, but it's always such a bloodsport filled with political posturing for the sake of perception and reputation. He likes deals. He knows how to deal. He's good at deals.
4: Lower taxes and remove certain regulations to promote job growth, especially in the manufacturing industry.
His actual tax plan is apparently pretty damned good in terms of promoting growth, but costs the government a bit of cash.
The reality is though that even clawing back a measly 1% from china still represents a MASSIVE amount of money. Oh and as for the Tariffs thing, IMO it's *mostly* a threat (if you don't give us some leeway here we'll have us some MAD)
>>67749055
>Companies going bankrupt
OH NOOOOO!!!!!!!!!!!!!!!!!!!!!!!
>>67749055
> Cuts losses moves on continues building
> benefits mankind
> doesn't pay scam artists ripping him off
> spends 27 million on campaign 1st place
> everybody else spends 150-200 Million for far worse results
>tfw trump is not spending any money to crush rato
this man has balls of steel he can literally be safe and spend like 25m attacking rato but wants a challenge, holy shit like no one gives trump credit.
>>67749055
>Both Chapter 7 and Chapter 11 bankruptcy, involve not paying back your full debts, right? Right?
No. In chapter 7 you don't pay debts. In chapter 11 you do pay debts, or at least the principle of debts.
Basically Chapter 7 = fuck you, i'm done, take it, you can have this shitty company and all its assets i'm leaving.
Chapter 11 = stop suing me and give me some time to get this shit fixed. This biggest part of chapter 11 is stops legal action and gives the owner(s) time to fix the problems and emerge successfully. Debts are repaid, although on different terms than originally agreed to.
ITT: people that think they have a clue about running a business
