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To: taxcontrol

No I don’t, what I remember is he filled to re-organize which is not what you are selling, go earn your money somewhere else........


161 posted on 05/11/2016 4:20:24 PM PDT by DAVEY CROCKETT (Cards are being played, you have been Trumped! TRUMP 2016!)
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To: DAVEY CROCKETT

Yes he filed Chapter 11. But the bond holders, the people that loaned the money to Trump LOST MONEY. So no, he was not good for the loan.

More specifically, the company Dixie-Narco has a claim during that bankruptcy of $6 Million and was finally forced to settle for as little as $2.4 Million. So no, he was not good for the loan.

Also, He agreed to pay the bond lenders 14 percent interest, roughly 50 percent more than he had projected, to raise $675 million. In order to try and work with Trump on restructuring rather than liquidating, the bond holders agreed to settle for a 10% interest rate. So no, he was not good for the loan.

While the bond was eventually repaid, the lower payment of 10% means that Trump was not good for 4% of that loan. To get into the actual numbers for each of his four bankruptcies, go to: http://dividendreference.com/articles/2015/1000637/donald-trump-bankruptcies/


164 posted on 05/11/2016 4:49:28 PM PDT by taxcontrol
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