Posted on 02/27/2016 7:47:42 PM PST by ConservativeTeen
Marco Rubio and Ted Cruz on Saturday released summaries of the of their tax returns, in an effort to shame front-runner Donald Trump into releasing more of his financial documents.
Rubio released summaries of five tax years Saturday and Cruz later released summaries of four years, from 2011 to 2014.
(Excerpt) Read more at nbcnews.com ...
“Get it?”
No. So let me ask the question like this: You are saying that Trump has, or will, pay off all the debts he had going into the several bankruptcies?
1. He never went into personal bankruptcy
2. He used the “bankruptcy” courts to restructure four businesses (that is the court that specializes in business restructuring
Do you understand that? Business restructuring is not like personal bankruptcy although they are both handled in the same court system
Do you understand that? Go to wiki and look up corporate restructuring aka corporate bankruptcy
Is it my imagination or did you post about Trump’s business bankruptcies: “It allows the company to pay off their debt over a longer period of time or at a lower interest rate.”
Have the Trump companies paid off all the debt they owed going into the bankruptcies? I have read that Trump and his companies walked about from billions of dollars of debt.
Trump filed chapter 11 bankruptcy
Here is a very good explanation of the difference between chapter 7 that most Individuals use ( and what the uneducated candidates are accusing Trump of using) and the corporate restructuring done in bankruptcy court that allows a company who has cash flow problems to continue in business which is exactly what he used.
(All money was paid off when he sold the companies. Just as you would pay a mortgage off when you sell your home )
Another way of thinking about it. If you were to get a home equity loan to pay off high interest credit cards. Your local bank should be able to handle that loan. The corporate funds are so much higher the government regulators get involved.
“It’s actually called “restructuring” when dealing with a business. It allows the company to pay off their debt over a longer period of time or at a lower interest rate.”
It has taken several posts, but I am beginning to understand why you are an unquestioning Trump supporter. It will not be necessary for you to explain further.
Hope you have a better understanding or coordinate restructuring !
Have a good day!
I agree with that.
actually, no group outside of the enemy agents behind O.... is more deserving of being removed from the American political scene .. than the GOP-e leadership that sold out to them
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