Despite what you may have heard or read, Donald Trump has never filed for bankruptcy. His companies have, four times, but Donald Trump never has. The purpose of corporations is for investors to put a limited amount of capital at risk in exchange for the opportunity to earn money in any one of a myriad of legal ways. Investor use the corporate structure to ensure that if their bets go south, the most they can lose is the capital they invested in the first place. Corporate bankruptcy laws can give a company an opportunity to restructure its business in a...