Talk of The Villages Florida - View Single Post - Trumps debt ?
Thread: Trumps debt ?
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Old 08-23-2016, 12:43 PM
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Trump has already lied numerous times on his finances...we now know he sort of misstated his number of bankruptcies for one, and lied on his initial filings.
lied, like what?

He never filed bankruptcy ever.

He had 4 companies that filed a chapter 11, do you you know that in an 11 people are paid albeit less but better than zero.

all employees are paid in full along with all taxes as mandated under the Bankruptcy Act.

In an 11 the company and all employees kept working, it is a positive not negative thing to do rather than close the doors and walk away, it's called reorganization, thousands of companies exercise their rights to do so.

Eastman Kodak, Texaco, Dow Corning, Delta Airlines and United Airlines. oh and the small company called GM.

"Bankruptcy does not have the stigma attached to it that is used to have,"