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To: hoosiermama

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.


243 posted on 02/28/2016 10:26:39 AM PST by jeffersondem
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To: jeffersondem

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 )

https://www.khanacademy.org/economics-finance-domain/core-finance/stock-and-bonds/corp-bankruptcy-tutorial/v/chapter-11-bankruptcy-restructuring


244 posted on 02/28/2016 10:43:45 AM PST by hoosiermama (Make America Great Again by uniting Great Americans)
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To: jeffersondem

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.


245 posted on 02/28/2016 10:46:34 AM PST by hoosiermama (Make America Great Again by uniting Great Americans)
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