20 Jun 2023 2:42 pm
So you're critical of Trump for using the laws passed by Congress? You don't want him following the law and you don't want him breaking the law. Are there any other options?jerrab » 20 Jun 2023, 2:34 pm » wrote: ↑ -----------------------------------------------
https://money.cnn.com/2015/08/31/news/c ... ankruptcy/
"I have used the laws of this country ... the [bankruptcy] chapter laws, to do a great job for my company, for myself, for my employees, for my family," he said during the first Republican presidential debate on August 6.Trump claims that successful businesses file for bankruptcy all the time. At the debate he said "virtually every person that you read about on the front page of the business sections, they've used the [bankruptcy] law."But the facts don't back that comment up.Despite high profile examples, including General Motors (GM), Lehman Brothers and most of the nation's major airlines, fewer than 20% of public companies with assets of $1 billion or more have filed for bankruptcy in the last 30 years, according to data from Bankruptcy.com and S&P Capital IQ.