No. of Recommendations: 2
...legally filing for business bankruptcy is actually a very smart business decision if the circumstances warrant.
Indeed. That seems to be the business model for private equity: take control of a company, suck all the money out of it, dump it into bankruptcy, screwing all the business' creditors. As offered before, in most countries that is fraud by conversion, and illegal. In Shinyland, it's perfectly fine. I can't imagine why anyone would lend to any Trump operation, given his track record. Of course, now he has the infinite printing press of the United States, to issue script to pay for all his projects.
Steve
