JimBowie1958
Old Fogey
- Sep 25, 2011
- 63,590
- 16,767
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it is called Chapter 11 BANKRUPTCYseek help!According to the the vast majority of women who have worked with Trump, he is a gentleman. Of course, since he is running against a Democrat for President you nitwits think he is a monster, but everyone today knows that Democrats are morons, so its no big deal.
And Trump has never filed for a bankruptcy, dude.
Lol, what did I write that got you laughing so hard?
You do realize that chapter 11 debt restructuring is not a bankruptcy, right? Trump has doen 4 of those with no bankruptcies. Only idiots and journalists think a debt restructuring is a bankruptcy. I have restructured my debts twice in my life, without need to go chapter 11, but its basically the same thing but chapter 11's require lawyers, lol.
Chapter 11 bankruptcy reorganization: what is it and how does it work
www.moranlaw.net/chapter11.htm
Chapter 11 bankruptcy is a form of bankruptcy reorganization available to individuals, corporations and partnerships. It has no limits on the amount of debt, as Chapter 13 does. It is the usual choice for large businesses seeking to restructure their debt.
We have gone over this before, so I dont see any point in rehashing it, but the fact is clear, Chapter 11 is not a typical 'bankruptcy' as it is there for the purpose of reorganizing debt, not wiping out investors.