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The Bros. Landreth, Live: "These Days" (Jackson Browne)

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silverdolphin3/20/2024 10:00:50 pm PDT

re: #84 Love-Child of Cassandra and Sisyphus

If he files for personal bankruptcy then he has to list all of his assets and debt, no?

The court certainly would scrutinize that closely, given the result of the NY trial.

And bankruptcy cannot be used to escape legal judgements, correct?

So if Trump is currently upside down personally, bankruptcy would take care of that, but then he still owes the judgements, and NY will take assets at the value that the bankruptcy court has determined, correct?

I think so,. I just do not see any benefit for him to declare bankruptcy. Better to just let the state take and sell his properties than do that. If he wins he gets the money back.

I still think he will have the majority owners of some of his properties simply buy him out. They get his equity. He puts up the money. If he wins, he gets it back and can then re-invest back if he wants to. The hold up would be the price they pay. I would think they do not want to go too low as they might affect their equity. But I expect it will be less than having to directly buy out Trump.