The voting public has to be educated on what bankruptcy is on the corporate level. It is not the same as personal bankruptcy.
On a corporate level the lending side knows and shares the risk of the financial fate of the investment. They are true partners. Legally, the lender can’t go outside the contract to the borrower’s other assets unless a judge says so.
The lenders knew this going in, but they still thought that everything Trump touches is successful. Wrong. No one is infallible.
When Atlantic City real estate failed, Trump decided to get out rather than wait for a turn around. He was correct, there was no turn around.
Lender and borrower negotiated, Trump declared bankruptcy as a means to dissolve the partnership.
There was also no bankruptcy. You stated that there was one.