Posted on 09/15/2015 4:17:26 PM PDT by RoosterRedux
Donald Trump has never declared bankruptcy, but his businesses have -- four times.
The real estate mogul, television star and Republican presidential frontrunner filed for corporate bankruptcy in 1991, 1992, 2004 and 2009. Three of the cases were related to his casino and hotel properties in Atlantic City, N.J.
And even though more than six years have passed since Trump had his last run-in with Chapter 11, it remains a touchy subject. Trump was quick to clarify at the Republican presidential debate hosted by Fox News in August that he had never filed for personal bankruptcy. Instead, he cast his moves as part of his solid business acumen.
"Out of hundreds of deals -- hundreds -- on four occasions, I've taken advantage of the laws of this country, like other people," he said. "The difference is, when somebody else uses those laws, nobody writes about it. When I use it, it's like, 'Oh, Trump, Trump, Trump.' The fact is, I built a net worth of more than $10 billion. I have a great, great company. I employ thousands of people. And I'm very proud of the job I did."
A Trump spokesman said many of the filings occurred when Trump was no longer involved in the businesses, blaming them on the declining casino market in Atlantic City. "It's not fair to judge anyone of his success, and the empire that he's built, on a particular investment without also looking at all of the great success he's had," he said.
Overall, the Donald is no stranger to business maneuvers that, depending on whom you ask, can appear either particularly savvy or ripe for criticism. His history with bankruptcy is no exception-- take a look at the four cases below
(Excerpt) Read more at thestreet.com ...
You sir, are a racist and homophobic!
/s
Oh, I agree it’s a good story, regarding Trump. Only 4 is remarkable considering the number of companies & the period of time.
I’ve seen those with DTS try to use it as a negative though lol
Peace :)
Not really interested so I won’t shut up and read. I am not going to vote for him the primaries as it stands now. I will vote for him though if he wins the Republican nod or if he runs in a third party against a RINO.
Around 60,000 business go bankrupt a year. The story of 4 doesn’t really interest me. Sorry. I do know that he is a great businessman, one of the best in the nation. And the political class can certainly use that skill set before our country becomes 3rd world.
The real estate bubble did pop.
Bush warned us.
Two of the four happened after he had sold the businesses but they kept his name
You forgot honkey, cracker, sexist, classist, bigot.....................
I was having enough trouble typing with a crack pipe in one hand and a syringe full of heroine pumping between my toenail....
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