Yeah he just doesn’t pay them back and declares bankruptcy, unlike Cruz who pays them back.
You need to get informed......you post incorrect information.
A business bankruptcy is far different from a personal bankruptcy. In a business bankruptcy the loan terms are refigured...usually to the bank's advantage. No one walks away scot-free from a business bankruptcy.
You say Cruz paid back his G/S-Citibank margin loans. Yet, Cruz told Levin he used the Wall Street loans for campaign TV ads.
But these loans have never been reported as campaign related.
Cruz/s spox recently said the loans were not paid off by donors.....yet it was reported earlier that the loans were largely repaid by campaign fundraising.