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To: jwalsh07

changing the subject eH?

the issue is your understanding of the significance of Trump’s corporate (not personal) use of bankruptcy law, since you don’t seem to understand how it works and refer - falsely - to trump as a “deadbeat”

I believe I have provided you with information that is factual


189 posted on 05/12/2016 7:00:00 AM PDT by silverleaf (Age takes a toll: Please have exact change)
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To: silverleaf

Chapter 11 requires a court appointed receiver whose sole interested is to represent the business and make a recommendation to the the court as to whether the business can remain viable. To that end the receiver gives haircuts to vendors, bond holders and owners alike.
That is why U asked the question. You seem to occupy a space where fantasy is truth. And yes ZI have witnessed Chapter 11 up close and personal as a high level employee that went through Chapter 11. Lots of vendors and bond holders took the haircut.


190 posted on 05/12/2016 7:57:36 AM PDT by jwalsh07
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To: silverleaf

PS: I am not saying that Chapter 11 is a bad thing per se. It can save people’s jobs. But I am saying that habitual users are stiffing their debtors. There is no question about that.


191 posted on 05/12/2016 8:03:23 AM PDT by jwalsh07
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