Who exactly were shorted? Do you have facts, or is this internet hearsay from DailyKoz and democratunderground?
What is it you think happens when a company files for chapter 11 bankruptcy???
The whole process starts because the company failed to pay its bills.
The investors, lenders, bond holders, contractors are all on the hook and have to make deals to try to minimize their losses.
This may come as a shock to you but Trump’s business records aren’t public so how do I know, or anyone else for that matter, who took the short end of the deal.
The fact of the matter is, chapter 11 is a result of failing to meet your obligations. The “reorganization” process is to try make deals with those who are owed money to minimize the losses instead of outright liquidation.