It's how you do it, Dennis. When you have six bankruptcies and stiif workers suppliers and employees, I call that loosing. And when you have the facts, I know you will too. And pleas, my friend do check the facts. Here are the ones I have:
Donald Trump’s businesses have filed for bankruptcy six times between 1991 and 2009, all under Chapt…
It's how you do it, Dennis. When you have six bankruptcies and stiif workers suppliers and employees, I call that loosing. And when you have the facts, I know you will too. And pleas, my friend do check the facts. Here are the ones I have:
Donald Trump’s businesses have filed for bankruptcy six times between 1991 and 2009, all under Chapter 11 bankruptcy laws, which allow companies to restructure their debts and continue operations. The bankruptcies involved his casino and hotel ventures, including the Trump Taj Mahal (1991), Trump Plaza Hotel and Casino (1992), Plaza Hotel (1992), Trump Castle Hotel and Casino (1992), Trump Hotels and Casino Resorts (2004), and Trump Entertainment Resorts (2009) .
The financial cost to creditors was significant. For example:
• In the 1991 Trump Taj Mahal bankruptcy, creditors lost substantial amounts as the company defaulted on $3 billion in debt .
• By 2004, Trump’s casino empire had accumulated $1.8 billion in debt, leading to losses for bondholders and other investors .
• Workers at his casinos also suffered losses, with over 400 employees losing more than $2 million in retirement savings due to plummeting stock values during the 2004 bankruptcy .
While exact total losses across all six bankruptcies are difficult to calculate, they collectively resulted in billions of dollars in losses for creditors, bondholders, and employees.
I would not call that a business record to be admired. I mean seriously Dennis. How do you go Bankrupt owning a Casino??
And, those are only the bankruptcies. He has always been known to stiff his suppliers and contractors:
Donald Trump and his companies have been accused of underpaying or failing to pay contractors and suppliers for decades. Investigations and legal records reveal the following:
• Scale of Non-Payment: Over 200 mechanic’s liens have been filed against Trump and his businesses since the 1980s, alleging unpaid amounts ranging from $75,000 to over $1 million. For example, during the construction of the Trump Taj Mahal casino in Atlantic City, at least 253 subcontractors were not fully paid, with Trump’s companies reportedly owing $69.5 million in total.
• Payment Reductions: In some cases, contractors received significantly less than owed. For example, during negotiations for the Taj Mahal project, Trump offered as little as 30 cents on the dollar to some contractors. One contractor eventually negotiated 70 cents on the dollar but noted that many small businesses suffered financially, with some failing to survive.
• Legal Disputes: Trump’s companies have faced at least 60 lawsuits over unpaid bills. These include claims from contractors, employees, and even his own lawyers and real estate agents. Some cases were resolved through settlements that often included confidentiality agreements.
While exact figures are difficult to estimate due to settlements and varying claims, the consistent allegations suggest unpaid amounts likely total tens of millions of dollars over several decades.
Donald Trump and his companies have been accused of underpaying or failing to pay contractors and suppliers for decades. Investigations and legal records reveal the following:
• Scale of Non-Payment: Over 200 mechanic’s liens have been filed against Trump and his businesses since the 1980s, alleging unpaid amounts ranging from $75,000 to over $1 million. For example, during the construction of the Trump Taj Mahal casino in Atlantic City, at least 253 subcontractors were not fully paid, with Trump’s companies reportedly owing $69.5 million in total.
• Payment Reductions: In some cases, contractors received significantly less than owed. For example, during negotiations for the Taj Mahal project, Trump offered as little as 30 cents on the dollar to some contractors. One contractor eventually negotiated 70 cents on the dollar but noted that many small businesses suffered financially, with some failing to survive.
• Legal Disputes: Trump’s companies have faced at least 60 lawsuits over unpaid bills. These include claims from contractors, employees, and even his own lawyers and real estate agents. Some cases were resolved through settlements that often included confidentiality agreements.
While exact figures are difficult to estimate due to settlements and varying claims, the consistent allegations suggest unpaid amounts likely total tens of millions of dollars over several decades.
I got stiffed by one client once for $250,000, and could not recover. That was ENRON, swine that they were/are. I want my money? I hear they are coming back!? Imagine, Dennis someone stiffing you for your honest work. Would you vote for them? I doubt it. I think you are an honest man, and were hard working for your $$.
Plus he started it all with a gift from Daddy:
According to a detailed investigation, Trump received at least $413 million in today’s dollars from his father’s real estate empire. This wealth transfer began when Trump was a toddler and continued into adulthood, involving gifts, loans, trust funds, and other financial mechanisms, including tax avoidance strategies that were described as dubious or fraudulent.
Fred Trump provided Donnie with extensive financial backing, including funding for his early business ventures, covering personal expenses, and bailing him out during financial difficulties. For example, by the time Donald Trump was 29 years old in 1975, he had already received nearly $9 million in today’s dollars.
Additionally, Fred Trump set up trust funds for his children and gave Donald loans that were often not repaid.
If Donald Trump had passively invested the money he received from his father in an index fund tracking the S&P 500, his wealth would have grown to approximately $1.96 billion by 2018. However, he pursued various real estate ventures and other business activities instead. Despite this inherited wealth.
It's how you do it, Dennis. When you have six bankruptcies and stiif workers suppliers and employees, I call that loosing. And when you have the facts, I know you will too. And pleas, my friend do check the facts. Here are the ones I have:
Donald Trump’s businesses have filed for bankruptcy six times between 1991 and 2009, all under Chapter 11 bankruptcy laws, which allow companies to restructure their debts and continue operations. The bankruptcies involved his casino and hotel ventures, including the Trump Taj Mahal (1991), Trump Plaza Hotel and Casino (1992), Plaza Hotel (1992), Trump Castle Hotel and Casino (1992), Trump Hotels and Casino Resorts (2004), and Trump Entertainment Resorts (2009) .
The financial cost to creditors was significant. For example:
• In the 1991 Trump Taj Mahal bankruptcy, creditors lost substantial amounts as the company defaulted on $3 billion in debt .
• By 2004, Trump’s casino empire had accumulated $1.8 billion in debt, leading to losses for bondholders and other investors .
• Workers at his casinos also suffered losses, with over 400 employees losing more than $2 million in retirement savings due to plummeting stock values during the 2004 bankruptcy .
While exact total losses across all six bankruptcies are difficult to calculate, they collectively resulted in billions of dollars in losses for creditors, bondholders, and employees.
I would not call that a business record to be admired. I mean seriously Dennis. How do you go Bankrupt owning a Casino??
And, those are only the bankruptcies. He has always been known to stiff his suppliers and contractors:
Donald Trump and his companies have been accused of underpaying or failing to pay contractors and suppliers for decades. Investigations and legal records reveal the following:
• Scale of Non-Payment: Over 200 mechanic’s liens have been filed against Trump and his businesses since the 1980s, alleging unpaid amounts ranging from $75,000 to over $1 million. For example, during the construction of the Trump Taj Mahal casino in Atlantic City, at least 253 subcontractors were not fully paid, with Trump’s companies reportedly owing $69.5 million in total.
• Payment Reductions: In some cases, contractors received significantly less than owed. For example, during negotiations for the Taj Mahal project, Trump offered as little as 30 cents on the dollar to some contractors. One contractor eventually negotiated 70 cents on the dollar but noted that many small businesses suffered financially, with some failing to survive.
• Legal Disputes: Trump’s companies have faced at least 60 lawsuits over unpaid bills. These include claims from contractors, employees, and even his own lawyers and real estate agents. Some cases were resolved through settlements that often included confidentiality agreements.
While exact figures are difficult to estimate due to settlements and varying claims, the consistent allegations suggest unpaid amounts likely total tens of millions of dollars over several decades.
Donald Trump and his companies have been accused of underpaying or failing to pay contractors and suppliers for decades. Investigations and legal records reveal the following:
• Scale of Non-Payment: Over 200 mechanic’s liens have been filed against Trump and his businesses since the 1980s, alleging unpaid amounts ranging from $75,000 to over $1 million. For example, during the construction of the Trump Taj Mahal casino in Atlantic City, at least 253 subcontractors were not fully paid, with Trump’s companies reportedly owing $69.5 million in total.
• Payment Reductions: In some cases, contractors received significantly less than owed. For example, during negotiations for the Taj Mahal project, Trump offered as little as 30 cents on the dollar to some contractors. One contractor eventually negotiated 70 cents on the dollar but noted that many small businesses suffered financially, with some failing to survive.
• Legal Disputes: Trump’s companies have faced at least 60 lawsuits over unpaid bills. These include claims from contractors, employees, and even his own lawyers and real estate agents. Some cases were resolved through settlements that often included confidentiality agreements.
While exact figures are difficult to estimate due to settlements and varying claims, the consistent allegations suggest unpaid amounts likely total tens of millions of dollars over several decades.
I got stiffed by one client once for $250,000, and could not recover. That was ENRON, swine that they were/are. I want my money? I hear they are coming back!? Imagine, Dennis someone stiffing you for your honest work. Would you vote for them? I doubt it. I think you are an honest man, and were hard working for your $$.
Plus he started it all with a gift from Daddy:
According to a detailed investigation, Trump received at least $413 million in today’s dollars from his father’s real estate empire. This wealth transfer began when Trump was a toddler and continued into adulthood, involving gifts, loans, trust funds, and other financial mechanisms, including tax avoidance strategies that were described as dubious or fraudulent.
Fred Trump provided Donnie with extensive financial backing, including funding for his early business ventures, covering personal expenses, and bailing him out during financial difficulties. For example, by the time Donald Trump was 29 years old in 1975, he had already received nearly $9 million in today’s dollars.
Additionally, Fred Trump set up trust funds for his children and gave Donald loans that were often not repaid.
If Donald Trump had passively invested the money he received from his father in an index fund tracking the S&P 500, his wealth would have grown to approximately $1.96 billion by 2018. However, he pursued various real estate ventures and other business activities instead. Despite this inherited wealth.