4 ms·
Did he personally go bankrupt 6 times or did smaller LLCs that own buildings or groups of real estate go bankrupt? Because I think the latter is par for the cou
by winrid 2y ago
Did he personally go bankrupt 6 times or did smaller LLCs that own buildings or groups of real estate go bankrupt? Because I think the latter is par for the course if you do enough real estate.
EDIT: Just fact checking this, it's the latter, 6 entities went bankrupt. It looks like the trump organization has 500 entities, so 1.2% bankruptcy rate.
- tocs3 2y agoAs far as I understand, he did not personally go bankrupt 6 times, but it is his pet projects that go bankrupt [1]. The accountants and money managers deal with any actual profitable businesses. [1] https://en.wikipedia.org/wiki/Personal_and_business_legal_affairs_of_Donald_Trump#Use_of_bankruptcy_laws https://en.wikipedia.org/wiki/Personal_and_business_legal_af...