Every casino on the Las Vegas strip has recently gone through bankruptcy. Many are still in bankruptcy.
Every......single......one.
So Trump had half a dozen bankruptcies. Big hairy deal. You still have no idea about the real estate development business, do you?
I've noticed that Nerdberg appears to have very few ideas about many things.
BTW, although Trump has never filed for personal bankruptcy, he has filed for business bankruptcy.
In fact, during a 2016 Republican debate, Trump observed (correctly) that “hundreds of companies” have done the same thing. Trump responded to the criticism by arguing that businesses often have to file for bankruptcy and that filing for bankruptcy was a financially sound move each time he did it.
There is considerable validity to Trump’s points about business bankruptcy being in the best interests of companies.
Trump has filed for business bankruptcy four times: the Trump Taj Mahal in 1991, Trump Plaza Hotel in 1992, Trump Hotels and Casinos Resorts in 2004 and Trump Entertainment Resorts in 2009. Each time, the bankruptcy was a Chapter 11 filing. While Chapter 7 and Chapter 13 bankruptcy deal with personal bankruptcies, Chapter 11 is most often used by businesses filing for bankruptcy.
Chapter 11 bankruptcy allows a financially struggling business to reorganize in order to keep going. A Chapter 11 filing can potentially enable a business owner to avoid liquidating the company. In fact, it can often be said that a Chapter 11 bankruptcy is in the best interests of the business and in no way a reflection of a poorly run company.
Even leftist-leaning PolitiFact took a look at all four of Trump’s Chapter 11 bankruptcies and determined that they were a result of business struggles largely beyond the billionaire-turned-presidential-candidate’s control.
https://www.abi.org/feed-item/examining-donald-trump%E2%80%99s-chapter-11-bankruptcies