re: #59 silverdolphin

Can Donald Trump file for bankruptcy?

Not sure he really gains anything here, even if he could. I think the way it will play is over the weekend, he will do a deal with the majority owners of some of this properties. They will buy out his shares at a reasonable price (since lowering the value hurts them also). And this would be less than if they really tried to buy him out. Win-win.

So it is not a loan and they have their money. If he wins his appeal and gets all the money back, maybe be buys back his investment or invests in others. But no one will have to worry about being paid back.

Jusy MHO

He’s not going to declare bankruptcy (reorganization or liquidation) because it would again prove he’s anything but the smartest businessman. It wont stop the seizure of assets. All of his creditors and lenders would be fooked though, as they’ll see pennies on the dollar they proffered for investing in Trump businesses.

It is more plausible that co-owners of the properties will somehow rework deals to do share sales, but he’s going to lose these cases on appeal, so Trump is effectively losing these properties.

It’s just a function of how Trump’s business fall is going to end.

The problem remains that Trump is looking to foreign sources in Saudi Arabia or Russia to cover his $465m judgment.