OK now this guy (video) is calling into question Vivek’s shady business deals. Right. Whatever.
I’m sure as I watch this video, he’ll give equal time to elaborate on Trump’s business deals. How many times has Trump filed Chapter 11?
The video continues.... He claims (3:55) Vivek took money from George Soros.
Look if this fool lies about that, then why take anything else he says seriously?
“OK now this guy (video) is calling into question Vivek’s shady business deals. Right. Whatever.
I’m sure as I watch this video, he’ll give equal time to elaborate on Trump’s business deals. How many times has Trump filed Chapter 11?”
The term “shady business deals” doesn’t or shouldn’t apply equally to legal processes like filing for bankruptcy. To equate the two is disingenuous. Especially when many honest folks have had to file Chapter 11, mostly due to radical leftist policies’ impact on the economy.
Vivek is a con artist IMO. Anyone that trusts him would have to be either naive, uninformed or a willing victim. And that includes Trump re: trusting him.
Bankruptcy is not shady. It is a well accepted method of restructuring. Mump & Dump is not only shady it’s illegal.
By contrast, Chapter 11 is a form of bankruptcy that involves a reorganization of a debtor’s business affairs, debts, and assets. It is most often used by businesses, though it is available to some individuals as well. The main difference is that the entity filing for bankruptcy remains in control of operations and is not required to liquidate their assets.
The biggest advantage is that the entity, usually a business, can continue operations while going through the reorganization process. This allows it to generate cash flow that can aid in the repayment process. The court also issues an order that keeps creditors at bay.
Most creditors are receptive to Chapter 11 as they stand to recoup more, if not all, of their money over the course of the repayment plan than if the company simply went out of business.