Quote:
Originally Posted by Guest
He inherited his wealth from a father who made a name for himself. (b) Most of his money today comes by way of his celebrity, not his business acumen. (c) He has filed bankruptcy multiple times, which means he’s make horrible decisions and has gone broke – more than once. Can America afford bankruptcy?
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The highlighted sentence above completely shreds any validity you might have thought your post had.
The sentence does in fact convey insufficient knowledge of the bankruptcy intent and why some very smart, successful companies use it.
Number one it is allowed by law. Number two it does not represent bad decision making. In fact there are those who would argue that when done appropriately and within the law it is a sound decision with positive results for the business.
Of course there are the business failures, a totllay different class of people.