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Ken777
Topic Author
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Will Trump file for Bankruptcy if Biden wins the Election

Sun Oct 11, 2020 9:43 pm

After seeing that Trump owes $421 million he has personally guaranteed due in the next two years what are the odds that a Bankruptcy will be needed when creditors starts coming after him. That $421 million does not, BTW, include possible tax liabilities that will add another $100 or so if he looses the battle with the IRS.

The main question in my mind is how much he has hidden with family or overseas. Then, of course, is how much will Russia (at various levels) claim as Trump's debt to them?

Unless Trump gives Russia a huge favor between the loss and Biden's inauguration the guy will really be screwed. Pity
 
LabQuest
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Re: Will Trump file for Bankruptcy if Biden wins the Election

Sun Oct 11, 2020 9:56 pm

Some of the companies the debt is through might but not himself. Nobody exposes themselves to that much personal debt without having a bunch of LLC's or corporations holding the debt.
 
santi319
Posts: 1145
Joined: Thu Dec 29, 2005 3:24 pm

Re: Will Trump file for Bankruptcy if Biden wins the Election

Mon Oct 12, 2020 12:10 am

LabQuest wrote:
Some of the companies the debt is through might but not himself. Nobody exposes themselves to that much personal debt without having a bunch of LLC's or corporations holding the debt.

Exactly hes a con-artist. He’ll probably become a motivational speaker for racists/people with cognitive disorder, write books etc and he would eventually be fine.
 
Ken777
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Re: Will Trump file for Bankruptcy if Biden wins the Election

Mon Oct 12, 2020 12:29 am

LabQuest wrote:
Nobody exposes themselves to that much personal debt without having a bunch of LLC's or corporations holding the debt.


The $421 million was defined as PERSONALLY GUARANTEED by Trump. It's going to be pretty hard fo Trump to get out of that do Bankruptcy is heading his way IMO.

Maybe the best he can do is negotiate free green fees to his golf clubs that are taken from him.

One huge problem will also be legal fees. Decent lawyers will know to get at least half of their fees up front. Really smart ones will get the full fee up front. And those fees will be huge.
 
ltbewr
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Re: Will Trump file for Bankruptcy if Biden wins the Election

Mon Oct 12, 2020 2:04 am

Trump has no shame about Bankruptcy in the past, no reason he won't do it again to renege on his personal debts via personal bankruptcy. His name will be worthless. He over-payed and over-invested in his goff properties as wall as most suffering from declining values with a decline in public interest in golf. Likely they will be taken by his creditors, even his Bedminstser, NJ golf club where he had planned to be buried at, he might end up in a paupers grave.. He won't get any big speaking or book deals. he will be facing numerous criminal charges, civil litigation, IRS and state tax investigations. Hopefully he will lose by un-contestable margins, his spirit broken, best remembered for his obscenely bad handling of Covid-19 as President.
 
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Francoflier
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Re: Will Trump file for Bankruptcy if Biden wins the Election

Mon Oct 12, 2020 6:05 am

I have a feeling that he borrowed from the kind of guys you can't really hide from behind bankruptcy proceedings...

Oh well, he still has a few properties he can sell before the Russian-speaking, bat-wielding large men come knocking.
 
Waterbomber2
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Re: Will Trump file for Bankruptcy if Biden wins the Election

Mon Oct 12, 2020 8:38 am

As long as his tenants pay the leases, he'll be able to service his debt.
There will probably be collateral as well, and Trump probabl6 has enough properties to cover the debt.

The real problems start when the lessees stop paying the leases and start leaving his properties or declare bankruptcies of their own.
But Trump is not an isolated case, virtually the entire US real estate market can get unhinged at any moment and result in cascading bankruptcies.
Hospitality, retail and office space on one hand but what about the millions of unemployed and the ones still employed but on less hours or home with Covid?

By the time Donald is bankrupt, half of America will be as well and no one will bat an eye about Donald.
 
tommy1808
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Re: Will Trump file for Bankruptcy if Biden wins the Election

Mon Oct 12, 2020 8:46 am

Waterbomber2 wrote:
As long as his tenants pay the leases, he'll be able to service his debt.


He is showing losses on his operations for the last decade plus.... so he doesn´t even have enough cash flow to show a profit. He doesn´t have the money. Those loans where cash infusions to keep him from going bankrupt way back when.

There will probably be collateral as well, and Trump probabl6 has enough properties to cover the debt..


If he still had collateral he would not have needed to a) personally guarantee for the loan or b) get a private loan via Deutsche Bank private equity instead of Real Estate ....

best regards
Thomas
 
dtw2hyd
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Re: Will Trump file for Bankruptcy if Biden wins the Election

Mon Oct 12, 2020 11:50 am

He will file bankruptcy even if he wins. Why limit options.
 
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casinterest
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Re: Will Trump file for Bankruptcy if Biden wins the Election

Mon Oct 12, 2020 12:50 pm

dtw2hyd wrote:
He will file bankruptcy even if he wins. Why limit options.



This.


Eric and Don Jr are already setting up the argument, it may be true. The Trump brand is damaged goods at this point. They spent 4 years appealing to demographics that are not generally their clientelle. They created pillorizing image issues for their Real Estate portfolio that caters to the wealthy, and businesses minded.
 
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ER757
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Re: Will Trump file for Bankruptcy if Biden wins the Election

Mon Oct 12, 2020 5:37 pm

Bankruptcy may be the least of his problems - he is going to be wearing an orange jumpsuit if there's any justice in the world
 
Waterbomber2
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Re: Will Trump file for Bankruptcy if Biden wins the Election

Mon Oct 12, 2020 5:47 pm

tommy1808 wrote:
Waterbomber2 wrote:
As long as his tenants pay the leases, he'll be able to service his debt.


He is showing losses on his operations for the last decade plus.... so he doesn´t even have enough cash flow to show a profit. He doesn´t have the money. Those loans where cash infusions to keep him from going bankrupt way back when.

There will probably be collateral as well, and Trump probabl6 has enough properties to cover the debt..


If he still had collateral he would not have needed to a) personally guarantee for the loan or b) get a private loan via Deutsche Bank private equity instead of Real Estate ....

best regards
Thomas



Cash flow and earnings are different concepts. They can run parallel but they can also diverge in different directions.
Example, you are selling services and making profits. But your suppliers are not paying their bills (on time) and you accrue receivables and end up having less or negative cash flow.

Also, in real estate, most losses are paper losses for fiscal purposes, they are not real losses.
You are allowed to bring in depreciation as an expense, while most real estate appreciates in value over time versus devaluating currencies.
So while fiscally your building loses value, the market value of the properties could be rising until they become obsolete, too expensive to maintain or structurally compromised.
 
bhill
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Re: Will Trump file for Bankruptcy if Biden wins the Election

Mon Oct 12, 2020 5:50 pm

Well, pretty sure it will HAVE to happen, as once he is serving his sentences in prison, those fines will not pay themselves...much less the loans he has with his Russian Oligarch's underwriters...good thing he will have prison guards watching him to keep said Russians at bay...
 
bhill
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Re: Will Trump file for Bankruptcy if Biden wins the Election

Mon Oct 12, 2020 5:55 pm

tommy1808 wrote:
Waterbomber2 wrote:
As long as his tenants pay the leases, he'll be able to service his debt.


He is showing losses on his operations for the last decade plus.... so he doesn´t even have enough cash flow to show a profit. He doesn´t have the money. Those loans where cash infusions to keep him from going bankrupt way back when.

There will probably be collateral as well, and Trump probabl6 has enough properties to cover the debt..


If he still had collateral he would not have needed to a) personally guarantee for the loan or b) get a private loan via Deutsche Bank private equity instead of Real Estate ....

best regards
Thomas


Well, the State of New York will slap a lien on that collateral faster than stink on shit, and then have a fireside sale to recoup any fines and back taxes....he is hosed. Mind you, there is no statue of limitations on taxes....
 
winginit
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Re: Will Trump file for Bankruptcy if Biden wins the Election

Mon Oct 12, 2020 6:00 pm

ltbewr wrote:
Trump has no shame about Bankruptcy in the past, no reason he won't do it again to renege on his personal debts via personal bankruptcy. His name will be worthless.


The difference here is that Trump has never filed for personal bankruptcy as in the past it's always been his properties or companies.

casinterest wrote:
dtw2hyd wrote:
He will file bankruptcy even if he wins. Why limit options.



This.


Eric and Don Jr are already setting up the argument, it may be true. The Trump brand is damaged goods at this point. They spent 4 years appealing to demographics that are not generally their clientelle. They created pillorizing image issues for their Real Estate portfolio that caters to the wealthy, and businesses minded.


I pretty strongly disagree that Trump will have to file bankruptcy, at least in the short-term, if Biden wins. Just look at Trump's ability to raise money through his name with his base alone, who will no doubt continue to be loyal (and possibly even more so) if he loses the election.

The day after the election Trump could launch TrumpTV or something of the like as an alternative to Fox News and charge supporters $20/month to subscribe. He'd have millions pouring in immediately that could stave off bankruptcy and all he'd have to do is continue to have his friends, family, and sycophants continue to spew the same nonsense that they did during the campaign except now he can profit from it more directly.

Now, in the long term things get a bit cloudier depending on what charges may or may not materialize against him should he lose.
 
Pyrex
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Re: Will Trump file for Bankruptcy if Biden wins the Election

Tue Oct 13, 2020 3:40 am

I thought the whole point of the racket was to go into politics a pauper who has never worked a day in the private sector in their lives and come out a multi-millionaire with a compound in Martha's Vineyard, not the other way round - what gives?
 
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Pellegrine
Posts: 2676
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Re: Will Trump file for Bankruptcy if Biden wins the Election

Tue Oct 13, 2020 3:48 am

ltbewr wrote:
Trump has no shame about Bankruptcy in the past, no reason he won't do it again to renege on his personal debts via personal bankruptcy. His name will be worthless. He over-payed and over-invested in his goff properties as wall as most suffering from declining values with a decline in public interest in golf. Likely they will be taken by his creditors, even his Bedminstser, NJ golf club where he had planned to be buried at, he might end up in a paupers grave.. He won't get any big speaking or book deals. he will be facing numerous criminal charges, civil litigation, IRS and state tax investigations. Hopefully he will lose by un-contestable margins, his spirit broken, best remembered for his obscenely bad handling of Covid-19 as President.


Not a paupers grave!!!! :rotfl:
 
tommy1808
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Re: Will Trump file for Bankruptcy if Biden wins the Election

Tue Oct 13, 2020 4:35 am

Pyrex wrote:
I thought the whole point of the racket was to go into politics a pauper who has never worked a day in the private sector in their lives and come out a multi-millionaire with a compound in Martha's Vineyard, not the other way round - what gives?


Obama was a Multimillionaire before has was president, but nice try. Without Papa handing him the money,

best regards
Thomas
 
Pyrex
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Re: Will Trump file for Bankruptcy if Biden wins the Election

Tue Oct 13, 2020 11:56 am

tommy1808 wrote:
Pyrex wrote:
I thought the whole point of the racket was to go into politics a pauper who has never worked a day in the private sector in their lives and come out a multi-millionaire with a compound in Martha's Vineyard, not the other way round - what gives?


Obama was a Multimillionaire before has was president, but nice try. Without Papa handing him the money,

best regards
Thomas


Oh yeah, I forgot, "book deals". We had a former leftist prime minister in Portugal (who also enjoys a completely unjustified cult of personality) that made a lot of money on a book he "wrote" as well. Turns out he didn't actually write the book (it was just his Master thesis from University, which he paid someone to write for him), and most of the book sales were to a friend of his who was his chief money launderer, and would send employees of his into bookstores to buy books by the pallet.

Next thing you know you will tell me someone is willing to pay hundreds of thousands of dollars to hear a former president speak for 30 minutes and not because they are buying access or repaying favors.
 
tommy1808
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Re: Will Trump file for Bankruptcy if Biden wins the Election

Tue Oct 13, 2020 12:02 pm

Pyrex wrote:
tommy1808 wrote:
Pyrex wrote:
I thought the whole point of the racket was to go into politics a pauper who has never worked a day in the private sector in their lives and come out a multi-millionaire with a compound in Martha's Vineyard, not the other way round - what gives?


Obama was a Multimillionaire before has was president, but nice try. Without Papa handing him the money,

best regards
Thomas


Oh yeah, I forgot, "book deals"..


yeah.. books deals. Name recognition helps with sales, and being in politics helps with name recognition. If anything had been fishy with the book sales, Fox news would have hammered on that for over a decade. So there is obviously nothing to see.

Writing and selling books is by the way a private sector business, so just about everything in your post was nonsense.

best regards
Thomas
 
bhill
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Re: Will Trump file for Bankruptcy if Biden wins the Election

Tue Oct 13, 2020 6:04 pm

winginit wrote:
ltbewr wrote:
Trump has no shame about Bankruptcy in the past, no reason he won't do it again to renege on his personal debts via personal bankruptcy. His name will be worthless.


The difference here is that Trump has never filed for personal bankruptcy as in the past it's always been his properties or companies.

casinterest wrote:
dtw2hyd wrote:
He will file bankruptcy even if he wins. Why limit options.



This.


Eric and Don Jr are already setting up the argument, it may be true. The Trump brand is damaged goods at this point. They spent 4 years appealing to demographics that are not generally their clientelle. They created pillorizing image issues for their Real Estate portfolio that caters to the wealthy, and businesses minded.


I pretty strongly disagree that Trump will have to file bankruptcy, at least in the short-term, if Biden wins. Just look at Trump's ability to raise money through his name with his base alone, who will no doubt continue to be loyal (and possibly even more so) if he loses the election.

The day after the election Trump could launch TrumpTV or something of the like as an alternative to Fox News and charge supporters $20/month to subscribe. He'd have millions pouring in immediately that could stave off bankruptcy and all he'd have to do is continue to have his friends, family, and sycophants continue to spew the same nonsense that they did during the campaign except now he can profit from it more directly.

Now, in the long term things get a bit cloudier depending on what charges may or may not materialize against him should he lose.


The day after the Inauguration, he will be served with papers, and when found guilty, ALL of the income he will make will be garnisheed to pay his fines and back taxes. Pauper indeed. Besides, if he does file for bankruptcy, Creditors get first crack after the tax authorities.
 
dtw2hyd
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Re: Will Trump file for Bankruptcy if Biden wins the Election

Tue Oct 13, 2020 6:19 pm

bhill wrote:
...
The day after the Inauguration, he will be served with papers, and when found guilty, ALL of the income he will make will be garnisheed to pay his fines and back taxes. Pauper indeed. Besides, if he does file for bankruptcy, Creditors get first crack after the tax authorities.


Democrats are weak. They won't to do any of that.

Republicans, even if they lose presidency and senate, they can throw enough tantrum and keep the ruckus going for the next four years.

Remember the Obama presidency, Dems had complete control, couldn't do a single thing.
 
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casinterest
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Re: Will Trump file for Bankruptcy if Biden wins the Election

Tue Oct 13, 2020 6:27 pm

dtw2hyd wrote:
bhill wrote:
...
The day after the Inauguration, he will be served with papers, and when found guilty, ALL of the income he will make will be garnisheed to pay his fines and back taxes. Pauper indeed. Besides, if he does file for bankruptcy, Creditors get first crack after the tax authorities.


Democrats are weak. They won't to do any of that.

Republicans, even if they lose presidency and senate, they can throw enough tantrum and keep the ruckus going for the next four years.

Remember the Obama presidency, Dems had complete control, couldn't do a single thing.


It isn't up to the democrats to serve the papers, It will be up to the New York and New Jersey Federal prosecutors and Trump's creditors.
 
Pyrex
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Re: Will Trump file for Bankruptcy if Biden wins the Election

Tue Oct 13, 2020 6:47 pm

Trump will be the only person in history to leave Washington D.C. poorer than what he went in at, and the type of people who constantly harp about government employees being "public servants" (as if getting paid more than comparable private sector employees, with much better conditions, while getting to exercise their power-trip boner is "service") can't quite get their heads around it - quite ironic.
 
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EstherLouise
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Re: Will Trump file for Bankruptcy if Biden wins the Election

Tue Oct 13, 2020 7:33 pm

Personally, I'm curious about the legal trouble that Trump is in and how the various prosecutors plan to pursue him once he's out of office. There are plenty of observers out there who have been keeping an accumulative tally of his legal shortcomings since January 20, 2017, namely the New York Times and SDNY. Filing bankruptcy may be the least of his concerns. The Biden administration has to lay low to avoid giving the impression that they may appear to be going after him for political retribution.
 
alfa164
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Re: Will Trump file for Bankruptcy if Biden wins the Election

Tue Oct 13, 2020 8:23 pm

Pyrex wrote:
I thought the whole point of the racket was to go into politics a pauper who has never worked a day in the private sector in their lives and come out a multi-millionaire with a compound in Martha's Vineyard, not the other way round - what gives?


"Incompetence" is the word that comes immediately to mind...


Pellegrine wrote:
ltbewr wrote:
Trump has no shame about Bankruptcy in the past, no reason he won't do it again to renege on his personal debts via personal bankruptcy. His name will be worthless. He over-payed and over-invested in his goff properties as wall as most suffering from declining values with a decline in public interest in golf. Likely they will be taken by his creditors, even his Bedminstser, NJ golf club where he had planned to be buried at, he might end up in a paupers grave.. He won't get any big speaking or book deals. he will be facing numerous criminal charges, civil litigation, IRS and state tax investigations. Hopefully he will lose by un-contestable margins, his spirit broken, best remembered for his obscenely bad handling of Covid-19 as President.

Not a paupers grave!!!! :rotfl:


Worse than that: once he is defeated shamefully, his "friends" won't be anywhere to be found. I feel sorry for his family; they won't even be able to find six people who respect him enough to carry his coffin. They'll have to go to LaborMax to find pallbearers...


:roll:
 
bgm
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Re: Will Trump file for Bankruptcy if Biden wins the Election

Tue Oct 13, 2020 9:57 pm

Pyrex wrote:
I thought the whole point of the racket was to go into politics a pauper who has never worked a day in the private sector in their lives and come out a multi-millionaire with a compound in Martha's Vineyard, not the other way round - what gives?


What gives?

The fact that if you're a crap businessman and your businesses are not doing well and in debt, you hide behind Presidential immunity for 4 years and then the cards all come tumbling down...

With Trump he spews and does so much crap, but as always:

Follow. The. Money.
 
winginit
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Re: Will Trump file for Bankruptcy if Biden wins the Election

Wed Oct 14, 2020 12:29 am

Pyrex wrote:
Trump will be the only person in history to leave Washington D.C. poorer than what he went in at, and the type of people who constantly harp about government employees being "public servants" (as if getting paid more than comparable private sector employees, with much better conditions, while getting to exercise their power-trip boner is "service") can't quite get their heads around it - quite ironic.


What a comically false statement. The Clintons left the White House much poorer than they went in on account of the significant accumulated legal fees.

Educate yourself before you post or don't post at all.
 
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Aaron747
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Re: Will Trump file for Bankruptcy if Biden wins the Election

Wed Oct 14, 2020 12:54 am

winginit wrote:
Pyrex wrote:
Trump will be the only person in history to leave Washington D.C. poorer than what he went in at, and the type of people who constantly harp about government employees being "public servants" (as if getting paid more than comparable private sector employees, with much better conditions, while getting to exercise their power-trip boner is "service") can't quite get their heads around it - quite ironic.


What a comically false statement. The Clintons left the White House much poorer than they went in on account of the significant accumulated legal fees.

Educate yourself before you post or don't post at all.


So many of his posts instantly trigger Livia Soprano: 'oh listen to this one, he thinks he knows everything'
 
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seb146
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Re: Will Trump file for Bankruptcy if Biden wins the Election

Wed Oct 14, 2020 4:39 am

winginit wrote:
Pyrex wrote:
Trump will be the only person in history to leave Washington D.C. poorer than what he went in at, and the type of people who constantly harp about government employees being "public servants" (as if getting paid more than comparable private sector employees, with much better conditions, while getting to exercise their power-trip boner is "service") can't quite get their heads around it - quite ironic.


What a comically false statement. The Clintons left the White House much poorer than they went in on account of the significant accumulated legal fees.

Educate yourself before you post or don't post at all.


Proof? Oh, wait, we have nothing to compare since the current administration will not be honest about his finances!

Besides, the current "leader" will simply pass on his debt to We The People anyway. He will blame Obama and Clinton as always. Personal responsibility be damned.
 
tommy1808
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Joined: Thu Nov 21, 2013 3:24 pm

Re: Will Trump file for Bankruptcy if Biden wins the Election

Wed Oct 14, 2020 4:46 am

Pyrex wrote:
Trump will be the only person in history to leave Washington D.C. poorer than what he went in at, .


When people start to look at your finances because you are president and figure out much of your net worth is made up, you are no less rich or poor as before. Forbes say his net worth is down 1.4 Billion, but also point out that going to Washington has not much to do with it. With just 50 million in losses per year do to his presidency, going to DC probably rather slowed down him hemorrhaging money.

https://www.forbes.com/sites/chasewitho ... 78cdd44a2d
https://www.forbes.com/sites/danalexand ... 0cee313b1a

best regards
Thomas
 
ltbewr
Posts: 15803
Joined: Thu Jan 29, 2004 1:24 pm

Re: Will Trump file for Bankruptcy if Biden wins the Election

Wed Oct 14, 2020 10:38 am

We don't fully know, and may never know until his death and probate of his will how much Donald Trump's net worth is, even then the courts may seal under demands of his family and estate's lawyers. His name for branding purposes has become worthless around the world. He made excessive investments in golf resorts he is lose $100's of millions on. Covid-19 has cut off most of his revenue streams. We believe he owes and need to pay back in the next 4 years $100's of millions in debt on his own personal wealth that has largely disappeared. Unlike most recent Presidents, he is unlikely to be able to make huge amounts of money for books, corporate speeches. The idea of him becoming a new Rush Limbaugh or like big right wing and big paycheck political commentator is unlikely to happen. He is going to face massive civil litigation and criminal cases especially as to his taxes and debts with their massive lawyer bills. From all that, I believe he will have to file for personal bankruptcy to save himself.
 
bhill
Posts: 1890
Joined: Thu Sep 13, 2001 8:28 am

Re: Will Trump file for Bankruptcy if Biden wins the Election

Thu Oct 15, 2020 5:59 pm

dtw2hyd wrote:
bhill wrote:
...
The day after the Inauguration, he will be served with papers, and when found guilty, ALL of the income he will make will be garnisheed to pay his fines and back taxes. Pauper indeed. Besides, if he does file for bankruptcy, Creditors get first crack after the tax authorities.


Democrats are weak. They won't to do any of that.

Republicans, even if they lose presidency and senate, they can throw enough tantrum and keep the ruckus going for the next four years.

Remember the Obama presidency, Dems had complete control, couldn't do a single thing.


Nope, this is not about party loyalty, this is about State and Federal TAXES.....between NY State which needs all the $$ it can get and the Trump Tax cuts, they are not going to let ANYONE off the hook.
 
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Thunderboltdrgn
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Re: Will Trump file for Bankruptcy if Biden wins the Election

Sun Jan 31, 2021 7:09 pm

The pressure is increasing and the work is going forward as a judge in the state of NY supreme court ordered "former President Donald Trump’s
family business and several associates" to hand in documents related to how Trump allegedly miss valued values of his estates to gain loan/get lower/no taxes on them.

Yahoo News / NYT writes:

The New York Times
Legal Pressure on Trump Increases With Judge's Order in Fraud Inquiry
Ed Shanahan and William K. Rashbaum
Sat, January 30, 2021, 4:09 PM

A New York judge Friday increased pressure on former President Donald Trump’s family business and several associates, ordering them to give state investigators documents
in a civil inquiry into whether the company misstated assets to get bank loans and tax benefits.


James’ investigation began in March 2019, after Michael Cohen, the former president’s onetime lawyer, told Congress that Trump had inflated his assets
in financial statements to secure bank loans and understated them elsewhere to reduce his tax bill.

Investigators in James’ office have focused their attention on an array of transactions, including a financial restructuring of the Trump International Hotel & Tower
in Chicago in 2010 that resulted in the Fortress Credit Corp. forgiving debt worth more than $100 million.


https://news.yahoo.com/legal-pressure-t ... 29027.html
Last edited by Thunderboltdrgn on Sun Jan 31, 2021 7:36 pm, edited 1 time in total.
 
johns624
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Re: Will Trump file for Bankruptcy if Biden wins the Election

Sun Jan 31, 2021 7:23 pm

It reminds me of the old saying "Be nice to the people on the way up because you'll meet them again on the way down". With Deutsche Bank his last option, if he has to file for bankruptcy again, nobody will lend him money again. He's screwed too many of the big boys over.
 
tommy1808
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Joined: Thu Nov 21, 2013 3:24 pm

Re: Will Trump file for Bankruptcy if Biden wins the Election

Sun Jan 31, 2021 7:56 pm

johns624 wrote:
It reminds me of the old saying "Be nice to the people on the way up because you'll meet them again on the way down". With Deutsche Bank his last option, if he has to file for bankruptcy again, nobody will lend him money again. He's screwed too many of the big boys over.


To quote Eric Trump "We have all the funding we need out of Russia.".

https://thehill.com/homenews/news/33227 ... funding-we

Best regards
Thomas
 
MaverickM11
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Re: Will Trump file for Bankruptcy if Biden wins the Election

Sun Jan 31, 2021 10:04 pm

Pyrex wrote:
Trump will be the only person in history to leave Washington D.C. poorer than what he went in

I thought he was a brilliant businessman? :confused:
 
ltbewr
Posts: 15803
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Re: Will Trump file for Bankruptcy if Biden wins the Election

Sun Jan 31, 2021 10:30 pm

It may not be this year, but in 2022 - 2023 when a lot of personal debts will be due to be repaid that the fecal matter will hit the air distributor and have to consider bankruptcy.
 
johns624
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Re: Will Trump file for Bankruptcy if Biden wins the Election

Mon Feb 01, 2021 1:18 am

tommy1808 wrote:
johns624 wrote:
It reminds me of the old saying "Be nice to the people on the way up because you'll meet them again on the way down". With Deutsche Bank his last option, if he has to file for bankruptcy again, nobody will lend him money again. He's screwed too many of the big boys over.


To quote Eric Trump "We have all the funding we need out of Russia.".

https://thehill.com/homenews/news/33227 ... funding-we

Best regards
Thomas
Yeah, and I don't think those Russians would take kindly to Trump filing for bankruptcy and stiffing them
 
NIKV69
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Re: Will Trump file for Bankruptcy if Biden wins the Election

Mon Feb 01, 2021 3:52 am

MaverickM11 wrote:
Pyrex wrote:
Trump will be the only person in history to leave Washington D.C. poorer than what he went in

I thought he was a brilliant businessman? :confused:


Brilliant businessman use bankruptcy all the time. It’s a thing all businesses utilize if need be. I kind of remember Delta doing it and I don’t remember all the hate here, nobody saying there weren’t good businessman. Then they came out of it and probably are the best domestic carrier now. It’s amazing how TDS works.
 
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seb146
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Re: Will Trump file for Bankruptcy if Biden wins the Election

Mon Feb 01, 2021 4:14 am

NIKV69 wrote:
MaverickM11 wrote:
Pyrex wrote:
Trump will be the only person in history to leave Washington D.C. poorer than what he went in

I thought he was a brilliant businessman? :confused:


Brilliant businessman use bankruptcy all the time. It’s a thing all businesses utilize if need be. I kind of remember Delta doing it and I don’t remember all the hate here, nobody saying there weren’t good businessman. Then they came out of it and probably are the best domestic carrier now. It’s amazing how TDS works.


One declared bankruptcy because they didn't see a downturn but they can make profits and then there is "oops... I ran out of money again so I guess I better declare bankruptcy again". How many times did he do that? So many times that bankruptcy laws had to be changed. Just because of him.

His cash flow is slowing to less than a trickle. He will have to pay the piper sooner rather than later. Where will his donors be? All these out of work MAGA supporters will not be giving him anything. No one wants to stay at any of his properties, his "brand" is dust.
 
MaverickM11
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Re: Will Trump file for Bankruptcy if Biden wins the Election

Mon Feb 01, 2021 5:19 am

NIKV69 wrote:
MaverickM11 wrote:
Pyrex wrote:
Trump will be the only person in history to leave Washington D.C. poorer than what he went in

I thought he was a brilliant businessman? :confused:


Brilliant businessman use bankruptcy all the time. It’s a thing all businesses utilize if need be. I kind of remember Delta doing it and I don’t remember all the hate here, nobody saying there weren’t good businessman. Then they came out of it and probably are the best domestic carrier now. It’s amazing how TDS works.

I truly can't believe people are stupid enough to think DL's bankruptcy is similar to Trump's string of failures, never mind Trump airlines/steaks/mortgages/vodka/etc and then the charities and universities that were outright fraud. Delta is still here--where is Trump's Taj Mahal? The other two casinos? Trump Entertainment Resorts? Trump Hotels and Casinos Resorts? Where are they now? The Taj Mahal barely lasted a year from opening to bankruptcy. Brilliant. Can you name a brilliant businessman that has six bankruptcies under his belt?
 
Virtual737
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Re: Will Trump file for Bankruptcy if Biden wins the Election

Mon Feb 01, 2021 7:09 am

MaverickM11 wrote:
NIKV69 wrote:
MaverickM11 wrote:
I thought he was a brilliant businessman? :confused:


Brilliant businessman use bankruptcy all the time. It’s a thing all businesses utilize if need be. I kind of remember Delta doing it and I don’t remember all the hate here, nobody saying there weren’t good businessman. Then they came out of it and probably are the best domestic carrier now. It’s amazing how TDS works.

I truly can't believe people are stupid enough to think DL's bankruptcy is similar to Trump's string of failures, never mind Trump airlines/steaks/mortgages/vodka/etc and then the charities and universities that were outright fraud. Delta is still here--where is Trump's Taj Mahal? The other two casinos? Trump Entertainment Resorts? Trump Hotels and Casinos Resorts? Where are they now? The Taj Mahal barely lasted a year from opening to bankruptcy. Brilliant. Can you name a brilliant businessman that has six bankruptcies under his belt?


That is the one thing you can't argue that Trump is brilliant at... getting people to buy into fairy tales. The problem is, with such a talent, it should be even harder to go bankrupt, but he manages to keep doing it. That makes him about as far from a brilliant businessman as is possible.
 
flipdewaf
Posts: 4183
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Re: Will Trump file for Bankruptcy if Biden wins the Election

Mon Feb 01, 2021 7:51 am

NIKV69 wrote:
MaverickM11 wrote:
Pyrex wrote:
Trump will be the only person in history to leave Washington D.C. poorer than what he went in

I thought he was a brilliant businessman? :confused:


Brilliant businessman use bankruptcy all the time. It’s a thing all businesses utilize if need be. I kind of remember Delta doing it and I don’t remember all the hate here, nobody saying there weren’t good businessman. Then they came out of it and probably are the best domestic carrier now. It’s amazing how TDS works.

You are right, bankruptcy is a tool to enable businesses to keep functioning. Trump has used it to enable him to continue to use other people’s money to live an opulent lifestyle because his other methods of making money (including illegal ones) failed. TDS indeed.
If by business you mean defrauding people out of money then yes, he’s great at it. If a business’s objective in society is deemed to do more than just allow the owner to do more than acquire personal gains then he, as a morally deficient person, is a failure.

I hope someone else gets control of the trump brand when he loses control. I hope he gets to see the gold toilets being removed from trump tower from the back if his prison van while he is transported to spend his last few diabetic years in and orange suit (irony) and stuck in a 5x10 cell only being allowed out to pick up soap from the shower.... it’s just a shame he didn’t die if covid, not that he actually had it.

Fred


Sent from my iPhone using Tapatalk
 
GDB
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Joined: Wed May 23, 2001 6:25 pm

Re: Will Trump file for Bankruptcy if Biden wins the Election

Mon Feb 01, 2021 9:51 am

The ultimate 'useful idiot', not that they have any need for him now.
https://www.theguardian.com/us-news/202 ... y-new-book
 
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Francoflier
Posts: 5909
Joined: Wed Oct 31, 2001 12:27 pm

Re: Will Trump file for Bankruptcy if Biden wins the Election

Mon Feb 01, 2021 10:09 am

GDB wrote:
The ultimate 'useful idiot', not that they have any need for him now.
https://www.theguardian.com/us-news/202 ... y-new-book


Lol. Trump was the KGB's greatest success... No wonder Putin was so happy.
 
NIKV69
Posts: 14426
Joined: Wed Jan 28, 2004 4:27 am

Re: Will Trump file for Bankruptcy if Biden wins the Election

Mon Feb 01, 2021 5:01 pm

seb146 wrote:
NIKV69 wrote:
MaverickM11 wrote:
I thought he was a brilliant businessman? :confused:


Brilliant businessman use bankruptcy all the time. It’s a thing all businesses utilize if need be. I kind of remember Delta doing it and I don’t remember all the hate here, nobody saying there weren’t good businessman. Then they came out of it and probably are the best domestic carrier now. It’s amazing how TDS works.


One declared bankruptcy because they didn't see a downturn but they can make profits and then there is "oops... I ran out of money again so I guess I better declare bankruptcy again". How many times did he do that? So many times that bankruptcy laws had to be changed. Just because of him.

His cash flow is slowing to less than a trickle. He will have to pay the piper sooner rather than later. Where will his donors be? All these out of work MAGA supporters will not be giving him anything. No one wants to stay at any of his properties, his "brand" is dust.


MAGA voters don’t make up even a third of his clientele IMO. In his Vegas property I saw more international tourists than anything else. Yes his name is dust but he will liquidate and have a nice nest egg so I doubt he cares. He isn’t that horrible businessman you make him out to be.
 
johns624
Posts: 4047
Joined: Mon Jul 07, 2008 11:09 pm

Re: Will Trump file for Bankruptcy if Biden wins the Election

Mon Feb 01, 2021 6:37 pm

NIKV69 wrote:
seb146 wrote:
NIKV69 wrote:

Brilliant businessman use bankruptcy all the time. It’s a thing all businesses utilize if need be. I kind of remember Delta doing it and I don’t remember all the hate here, nobody saying there weren’t good businessman. Then they came out of it and probably are the best domestic carrier now. It’s amazing how TDS works.


One declared bankruptcy because they didn't see a downturn but they can make profits and then there is "oops... I ran out of money again so I guess I better declare bankruptcy again". How many times did he do that? So many times that bankruptcy laws had to be changed. Just because of him.

His cash flow is slowing to less than a trickle. He will have to pay the piper sooner rather than later. Where will his donors be? All these out of work MAGA supporters will not be giving him anything. No one wants to stay at any of his properties, his "brand" is dust.


MAGA voters don’t make up even a third of his clientele IMO. In his Vegas property I saw more international tourists than anything else. Yes his name is dust but he will liquidate and have a nice nest egg so I doubt he cares. He isn’t that horrible businessman you make him out to be.
Wrong. Trump's ego needs constant news stories. Having money isn't enough for him. He needs to be TRUMP.
 
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seb146
Posts: 23956
Joined: Wed Dec 01, 1999 7:19 am

Re: Will Trump file for Bankruptcy if Biden wins the Election

Mon Feb 01, 2021 6:46 pm

NIKV69 wrote:
seb146 wrote:
NIKV69 wrote:

Brilliant businessman use bankruptcy all the time. It’s a thing all businesses utilize if need be. I kind of remember Delta doing it and I don’t remember all the hate here, nobody saying there weren’t good businessman. Then they came out of it and probably are the best domestic carrier now. It’s amazing how TDS works.


One declared bankruptcy because they didn't see a downturn but they can make profits and then there is "oops... I ran out of money again so I guess I better declare bankruptcy again". How many times did he do that? So many times that bankruptcy laws had to be changed. Just because of him.

His cash flow is slowing to less than a trickle. He will have to pay the piper sooner rather than later. Where will his donors be? All these out of work MAGA supporters will not be giving him anything. No one wants to stay at any of his properties, his "brand" is dust.


MAGA voters don’t make up even a third of his clientele IMO. In his Vegas property I saw more international tourists than anything else. Yes his name is dust but he will liquidate and have a nice nest egg so I doubt he cares. He isn’t that horrible businessman you make him out to be.


I doubt there will be much he can liquidate. I would look into who actually owns those properties. What the lease agreement is with his name and the property owner. His property in New York has sunk and those who live in that building want to change the name.

https://www.bloombergquint.com/business ... ent-s-name

As far as seeing international tourists at his property in Las Vegas, I wonder if that was part of a discount tour package? The devil is in the details.
 
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Thunderboltdrgn
Posts: 2267
Joined: Wed Jan 18, 2012 5:39 pm

Re: Will Trump file for Bankruptcy if Biden wins the Election

Thu Feb 04, 2021 5:02 am

It seems Trump have invested almoot 300 million dollars into his Scottish golf course without it ever making a profit.
One has to assumed that this is just another kind of money laundring/fraude/tax evasion from Trump.

NEW: Trump has dumped $289M in cash into his Scottish golf courses and never made a profit.

Today, the Scottish parliament will debate whether to recommend an “Unexplained Wealth Order” to investigate those purchases.


https://twitter.com/Fahrenthold/status/ ... 4604988418

However Scottish parliament considers it a police matter which I think would be the correct approach so hopefully Scottish police will look into the matter.

https://twitter.com/Fahrenthold/status/ ... 5903741956

NEW: Scottish parliament *declines* calls to press for an investigation of Trump's Scottish golf courses.

Lawmakers said police, not politicians, should decide whether to launch money-laundering investigations.

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