Your browser (Internet Explorer 7 or lower) is out of date. It has known security flaws and may not display all features of this and other websites. Learn how to update your browser.

X

What Can Consumers Learn from the Multiple Donald Trump Business Bankruptcies?

First, let’s set the record straight.  Donald Trump, the man (and Republican Party presidential candidate), has never filed personal bankruptcy.  On the other hand, his casino business has filed for Chapter 11 reorganization in bankruptcy a record four times in the past 30 years!  While it is legal for corporations to file for bankruptcy, and they often emerge stronger, keeping key employees and business, it certainly raises some questions about the chief executives’ ability to manage a large entity successfully.   Furthermore, the debts owed to lenders, employees and creditors are either wiped out or reduced.

Read more