In any case, although he has not declared personal bankruptcy, the fact that he has to use such a tool in the first place for his organization(s) is a Red Flag stating to me that he is a piss poor manager when it comes right down to it. The LAST thing this country needs is such a “businessman”, IMO.
His businesses in many cases have been upper ended businesses and they all pull the bankruptcy bit. Might make a fidderence to those who are not familiar with how the big boys play, but to those who know their games it won’t.
BTW Business at Trumps level don’t always foldup and go bankrupt because they are in bad shape or misfunded etc. They are “used” for a purpose both in the beginning and in the end. Like pawns on a chess board.