Posted on 05/25/2016 8:17:54 AM PDT by AuntB
Hillary Clinton is a lawyer, unlike most of the population out there, and KNOWS Trump never liquidated creditors in a typical bankruptcy. Every media report repeated her lie dozens of times yesterday. People think there is one kind of bankruptcy and have no clue about Chapter 11 reorganization to PAY OFF THE CREDITORS. (photo)
Donald Trump has NEVER filed personal bankruptcy!
Law Dictionary: How is Donald Trump Able to File for Bankruptcy So Many Times? http://thelawdictionary.org/article/how-is-donald-trump-able-to-file-for-bankruptcy-so-many-times/
Written by James Hirby | Fact checked by The Law Dictionary staff
People might ask "How is Donald Trump able to file for bankruptcy so many times?" The answer is "He didn't." Trump himself has never filed for bankruptcy.
His corporations have filed for Chapter 11 bankruptcy four times. By filing for Chapter 11 bankruptcy, the corporation is allowed to continue running while restructuring and reducing its debt. By allowing the business to continue, employees still have their jobs and the business is still making money. Corporate debts still need to be repaid but they may be reduced. The corporation must develop a repayment plan and corporate budget. Both must be approved by the creditors and by the bankruptcy court.
WE are talking about FOUR companies out of hundreds which Trump has made successful, and he used Chapter 11 to make them work…. yet this lying old hag says Trump will 'bankrupt' the nation…She and Bill and Obama did that! NOT DONALD TRUMP!
Here are a few of the thousands of companies we deal with every day who have used Chapter 11 bankruptcy…many of them SUPPORT HILLARY!
https://en.wikipedia.org/wiki/Category:Companies_that_have_filed_for_Chapter_11_bankruptcy
Just a few who have filed Chapter 11
G.I. Joe's
Fudruckers
GENERAL MOTORS - Obama's!!! Yes he used Chapter 11
Kmart
Kodak
Owens Corning
Pay N Pak
Six Flags
SOLYNDRA….also Obama's baby…they even got millions in OUR $$
Tropicana Entertainment
(Photo - 16 down, one crooked @!#$% to go. Let's do THIS Trumpsters!)
The thing that will stop Hillary are the revelations about the financial shenanigans at the Clinton Foundation.
Hillary is not immune from the physical laws that run her old body. This is a marathon and her body will fall apart. How long can she waddle through?
“The thing that will stop Hillary are the revelations about the financial shenanigans at the Clinton Foundation.”
How are we going to get the media to report it?
We can only hope she makes it through the convention. I want Bernie third party. After demolishing the democrat convention.
Your right. I feel the same way.
Again, which body do you want, the alcoholic one with the bad heart and undoubtedly scarred liver? Or the one who doesn’t smoke, drink, or use drugs. I’d as soon have someone with a clear head in charge, for a change.
My thinking exactly. This is an athletic competition also. Trump will do 2-3 events per day four four months. It’s not going to be fair.
I'd rather see a complete account of The Ugly Fat Cow's cattlegate experience....
Add inside trading or laundered easy money to her criminal legacy... From decades ago.
Unindicted felon... her time is near.
“Hillary Clinton is a lawyer, unlike most of the population out there, and KNOWS Trump never liquidated creditors in a typical bankruptcy. Every media report repeated her lie dozens of times yesterday. People think there is one kind of bankruptcy and have no clue about Chapter 11 reorganization to PAY OFF THE CREDITORS. (photo)
Donald Trump has NEVER filed personal bankruptcy!
Law Dictionary: How is Donald Trump Able to File for Bankruptcy So Many Times? http://thelawdictionary.org/article/how-is-donald-trump-able-to-file-for-bankruptcy-so-many-times/
Written by James Hirby | Fact checked by The Law Dictionary staff
People might ask “How is Donald Trump able to file for bankruptcy so many times?” The answer is “He didn’t.” Trump himself has never filed for bankruptcy.
His corporations have filed for Chapter 11 bankruptcy four times. By filing for Chapter 11 bankruptcy, the corporation is allowed to continue running while restructuring and reducing its debt. By allowing the business to continue, employees still have their jobs and the business is still making money. Corporate debts still need to be repaid but they may be reduced. The corporation must develop a repayment plan and corporate budget. Both must be approved by the creditors and by the bankruptcy court.
WE are talking about FOUR companies out of hundreds which Trump has made successful, and he used Chapter 11 to make them work…. yet this lying old hag says Trump will ‘bankrupt’ the nation…She and Bill and Obama did that! NOT DONALD TRUMP! “
Reposted for those who missed this. I will keep reposting this on social media. You all please do the same! Good job!
Where?
The thing that will stop Hillary are the revelations about the financial shenanigans at the Clinton Foundation.
It’s even easier than that...
All Trump needs to ask is, “Where is the 6 BILLION dollars of State Dept funds that cannot be accounted for while she was “serving her country” as Secretary of State?”
Here is another good article form last summer.
When it comes to the issue of Donald Trump’s bankruptcy, we are only concerned with Chapters 7 and 11.
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. [snip]
http://moneymorning.com/2015/07/07/donald-trump-bankruptcy-a-breakdown-ahead-of-the-2016-elections/
Bookmarked. Thanks
Another good Whitewater article
[snip]The morning after Bill Clinton’s re-election defeat in 1980, McDougal told Stewart he got a desperate call from HRC, saying, “You need to send us money. We need it right now, and we need all you can send.” McDougal remarked sourly to his wife Susan after the call that they had been subsidizing the Clintons’ share of the investment for the previous two years. The pattern continued. As Whitewater’s financial condition deteriorated, McDougal, fearing that a bankruptcy might tarnish Clinton’s political image, offered to buy the Clintons out of the deal. On four separate occasions Hillary adamantly refused, presumably because Whitewater was useful as a tax shelter, especially under HRC’s generous estimate of what constituted a legitimate deduction. At tax time, millions of middle class Americans thankfully review their banks’ reports of interest payments on mortgages. Very few of them–particularly not corporate lawyers giving tax advice to banks, as HRC was–confuse interest and principal as HRC later claimed she had.
http://www.counterpunch.org/2015/10/30/the-clinton-files-is-hillary-a-crook/
BTTT
B U M P
I intend to collect on a few substantial bets with family members in November on this very issue....
Here is a video clip of the Fannie Mae and Freddie Mac hearings that I highly recommend everyone have at their immediate disposal for the instance that someone spouts off about the roots of the 2008 collapse.... https://www.youtube.com/watch?v=Yga7TlsA-1A . I have sent this to many folks after engaging in a 'discussion' about this topic and after sending this clip.... silence.
I wonder is it sitting in a offshore financial center (e.g., a "bank" in a Caribbean island nation) bank in an unnamed numbered account....
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.