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To: jeffersondem

Trump filed chapter 11 bankruptcy

Here is a very good explanation of the difference between chapter 7 that most Individuals use ( and what the uneducated candidates are accusing Trump of using) and the corporate restructuring done in bankruptcy court that allows a company who has cash flow problems to continue in business which is exactly what he used.

(All money was paid off when he sold the companies. Just as you would pay a mortgage off when you sell your home )

https://www.khanacademy.org/economics-finance-domain/core-finance/stock-and-bonds/corp-bankruptcy-tutorial/v/chapter-11-bankruptcy-restructuring


244 posted on 02/28/2016 10:43:45 AM PST by hoosiermama (Make America Great Again by uniting Great Americans)
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To: hoosiermama

“It’s actually called “restructuring” when dealing with a business. It allows the company to pay off their debt over a longer period of time or at a lower interest rate.”

It has taken several posts, but I am beginning to understand why you are an unquestioning Trump supporter. It will not be necessary for you to explain further.


246 posted on 02/28/2016 10:52:30 AM PST by jeffersondem
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