[Albion Wilde]

As to surrendering part of his personal wealth and exchanging part of his ownership for unpaid debts, he could have done that BEFORE anything went to court. But he did not do that. Instead, the courts had to ORDER him to surrender personal wealth and to exchange equity for unpaid debts.

I can see you have never been in business. That would have been a catastrophic move. There were so many people involved; it needed to be a negotiated settlement with clear terms spelled out for everyone.

[zeestephen]

Re: “...it needed to be a negotiated settlement with clear terms spelled out for everyone.”

No - it needed only one clear term:

“Folks, I will pay everybody exactly how much I owe. Nothing less, nothing more.”

He refused to do that.

Perhaps at the time he could not afford to do that.

But, today, he can afford to make all those creditors whole, and he still refuses to do that.

Do you own any U.S. Treasury debt or Federal Agency debt, Albion?

After Trump gets elected, maybe he will default on YOUR investments!