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As far as I understand it’s a common tool to get rid of liabilities and other problems. There is the term “strategic bankruptcy “. It’s definitely not a stain o
by spaetzleesser 6y ago
As far as I understand it’s a common tool to get rid of liabilities and other problems. There is the term “strategic bankruptcy “. It’s definitely not a stain on a business person’s record as Trump has shown.
- beerandt 6y agoIt's still a stain, just not an irrational one. For example, most of Trump's debts are heavily secured compared to those of companies without a history of bankruptcy in their past.