Yep, he was able to use the bankruptcy laws to save 4 companies rather than have them go down the toilet and lose everything for stakeholders.
What horrors...
As a Realtor, I've worked with many people who were pushed into bankruptcy through no fault of their own. A couple were even pushed there by the banks who were unwilling to work with them.
Business is risky but Cruz wouldn't know much about that as he's sucked off the government teet for most of his life.
Nope. Chap 11 then He LEFT!
Citibank and Saudi Prince kept them open.