Only as a last ditch attempt to preserve some business assets and wipe out debt, after exhausting all other options to raise cash, improve sales, refinance, iss

Only as a last ditch attempt to preserve some business assets and wipe out debt, after exhausting all other options to raise cash, improve sales, refinance, issue equity, restructure, or other normal business operations to keep the company operating. And no, those six bankruptcies were not strategic, they were failures to operate a business. One bankruptcy is strategic, two a coincidence, six a signal of incompetence. The sheer number of shell corps he's founded and thousands of civil court cases points to exploiting investors through shady practices.