“You mean like 3 business bankruptcies?”
Any idea how many business’s fail in their first year, any idea just how many business’s Trump has. Sometimes a bankruptcy is good business and they have to go for a variety of reasons. We shut down a business 3 years ago that had been successful for 15 years. The reason was our competitors came out with a product we couldn’t match. Sorry but shutting down a failing business is as much a part of business as starting one. We just try to it with as little financial loss as possible.
If it’s ok for a business to file for bankruptcy, what’s wrong with me or anyone else doing it strategically? Home underwater? Bankrupt. And send another failed home shockwwave through the neighborhood. Oh and make sure you do it in a non-recourse state. Remember. sometimes it’s good.
BINGO