Although it’s dealt with under a bankruptcy judge. 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. Depending what the judge thinks is appropriate.
Nothing like the personal bankruptcy you might take
Don’t repeat false statement when you don’t know what you are talking about. Your business ignorance is showing!
“It allows the company to pay off their debt over a longer period of time or at a lower interest rate.”
To be clear, you are saying that Trump has, or will, pay off all the debts he had going into the several bankruptcies?