Fact-checking claims about Donald Trump's four bankruptcies

Politifact ^ | September 21st, 2015 | Lauren Carroll, Clayton Youngman

[driftdiver]

Except it’s not a lie. Four companies of his have declared bankruptcy. Numerous other bad investments of his have cost investors and property buyers millions.

Shame on you for your misleading post.

[exit82]

Four companies of his have declared bankruptcy. Numerous other bad investments of his have cost investors and property buyers millions.

These were Chapter 11 bankruptcies--which restructure debt to allow the business to continue.

What were the losses, and was what Trump did perfectly legal or not?

[driftdiver]

So bankruptcy is a good thing? An exam of good business management skills?

Will you trump supporters question ANYTHING the man has done? You’re as bad as the Obama supporters. You have an excuse for everything or just outright lie about it.

[Hoodat]

Will you trump supporters question ANYTHING the man has done?

They obviously have no qualms about citing left-wing DNC websites like Politifact to protect the Don. They don't have a problem with him negotiating to roll personal debt into his corporate bankruptcies either.

[exit82]

Here we go again—another one who cannot back up their assertions.

But call me a liar instead. Wow.

Chapter 11 is used by a lot of people and business to restructure debt to survive so they can continue to pay their bills and employ their workers.

It is a legal and perhaps the only way to survive when the economy goes south.

So again, who suffered exactly when Trump filed Chapter 11?

[AuntB]

Can you read?

You people are hopeless! Keep your insults to yourself and wake up!

[driftdiver]

Chapter 11 is a legal means to restructure debt. It’s not a good thing. It’s proof you failed, as in not a winner.

It means you failed to meet your obligations.

[zeestephen]

Re: “So again, who suffered exactly when Trump filed Chapter 11?”

That’s a very good question.

Has Trump ever publicly stated that all his Chapter 11 creditors were made whole?

Are you claiming that all Trump’s creditors were made whole?

I have been able to find only a few of the basic financial documents that should have been generated when Trump filed his four Chapter 11 cases.

Does anyone know if there is a central file cache for the Trump Chapter 11 documents?

Does anyone know if Trump and his creditors agreed not to disclose those documents?

[exit82]

But it also doesn’t mean everybody gets stiffed, which was your original contention.

[driftdiver]

It’s bankruptcy. It means the creditors HAVE BEEN STIFFED and Trump was seeking the courts protection from them.

He failed to meet terms he agreed to.

[exit82]

Evidently you failed finance.

Loans are covered by collateral. In exchange for protection, collateral may be exchanged. Lenders don’t necessarily get stiffed in Chapter 11.

Terms are rearranged so loans and debts can be paid back.Or other property is given in exchange for not shutting the place down.

Happens every day in business. Banks don’t want to run businesses. Better to get half a loaf to day than no loaf tomorrow.

And you still have not answered my original question.

[driftdiver]

The only reason he went into bankruptcy is. Ecause he couldn’t meet the terms. He couldn’t Mae the payments.

It does happen, it usually doesn’t happen four times to the same person.

[exit82]

It’s not a person, it’s a business.

He never was bankrupt as a person, only four businesses were.

[driftdiver]

Lol. So the successes are his but the failures are the business.

Hogwash

[exit82]

Hey hogwash, you still did not answer the original question.

Out of 100 businesses that he has had, four had Chapter 11 debt restructurings. Not liquidation as in Chapter 7.

While you are fumbling for an answer, look up the story of Trump Air, then tell me who lost money on that bankruptcy.

[driftdiver]

That wasn’t a question troll it was a statement and it was inaccurate.

He’s taken many people for rides. What I can’t figure out is why so many freepers are carrying the water of a known liberal and democratic supporter.

[inpajamas]

The answer to your question is, a sheep shearer needs sheep to shear. Trump is an opportunists and he knows an opportunity when he sees one. He is dinning his supporters as he would a dine woman right now and telling them things that a woman would want to hear. But there is a price to pay after they leave the restaurant.

[inpajamas]

And now he is working toward a position where he can add the United States of America to the list.

[Enlightened1]

PolitiFact Is Guilty of Fact Abuse

You’ve got to give the leftist reporters in our mainstream media credit. They never tire of trying to reassure the public that their biased stories are without bias. The latest, and arguably most effective, innovation lets the MSM set the terms of acceptable debate by defining what is true and what is false in political discussions.

 

This is accomplished through the use of “fact checkers” that are marketed to the public as totally unbiased, scientific data crunchers that are only interested in truth, justice, and The American Way. The reality is these “fact checkers” have their thumb on the scale of truth and actively tilt the discussion toward the left by disparaging conservative issues and elected officials.

 

 

PolitiFact is owned by the Tampa Bay Times and modestly describes its mission as “fact-checking U.S. politics” and boasts that it was awarded the Pulitzer Prize — a giant pat-on-the-back the MSM gives itself.

 

Bryan White, who operates the blog PolitiFactBias, did an analysis and according to Human Events found “PolitiFact is not that honest fact-checker. Once widely regarded as a unique, rigorous, and reasonably independent investigator of political claims, PolitiFact now declares conservatives wrong three times more often than liberals. More pointedly, the journalism organization concludes that conservatives have flat-out lied nine times more often than liberals.

 

In the three years since the end of the partnership with CQ, PolitiFact has found a total of 323 conservative claims to be untrue, with 119 of those getting Pants on Fire.

 

In the same time, it’s found 105 liberal claims to be untrue, with just 13 deemed Pants on Fire, according to White’s tally.”
 

 

PolitiFact tips the scales leftward in two important ways: first by what the fact twisters choose to study and two, by how it interprets what the individual said, up to and including putting words in their mouths.

Special:

 

Nothing escapes the gimlet eye of these fact twisters, including humor.

 

Breitbart News provides the latest example of fact abuse: Sen. Ted Cruz, R-Texas, recently told a joke that went “Here, we have Thanksgiving, we have Christmas, we have the 4th of July. Every year in Iran, they celebrate death to America day, which is the anniversary of Iran in the 1970s taking Americans hostage.”

 

If not exactly humor this Cruz statement certainly qualifies as hyperbole in the service of making a larger point. But PolitiFact ignored the larger point, i.e., it’s foolish to trust an enemy in negotiations, and instead concentrated on the holiday festivities.

 

According to Breitbart, “In order to come to the conclusion that Cruz’s morally clarifying piece of humor was a lie, PolitiFact scoured news archives and hassled no less than five “academic authorities” to see if there is an official “Death to America” holiday in Iran.” And in fact a search discovered, “that not a single use of humor by any Democrat has ever been fact-checked by PolitiFact, much less rated as “mostly false.”

 

 

So what PolitiFact chose to analyze and how they analyzed it shows obvious bias. The lesson from this for conservatives is during the 2016 presidential campaign it pays not to trust the MSM or the MSM’s pet fact checkers.

Breaking News at Newsmax.com http://www.newsmax.com/Reagan/PolitiFact-Fact-Checkers-Bias/2015/03/20/id/631565/#ixzz406RppkWB

[zeestephen]

Re: “Trump’s business record is “ALL in the GAME.” Accept it!.. it’s water under the bridge.”

The guy put four companies into Chapter 11.

And you want him to write the Federal budget?

Sorry - this is where I get off the Republican bus.