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Bankruptcy won’t likely help, at least not against fraud-based judgments. If the issue is *other* debt, then maybe.
The Trump Indictment Thread
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well that should make him look good to the personal responsibility republicans. so yes good idea. might as well be another first for America. a presidential candidate filing bankruptcy. but i t would not let him off what he owes to the courts.
Yoused
up
What kind of monetary judgements can be discharged through bankruptcy? And if he grabs his chest, calls out "Ivana, I'm coming to join you!" and keels over, does the obligation of the judgement fall upon his estate/spawn? (cf Ken Lay)
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I assume it’s the business entity that would declare bankruptcy, but I’m not sure what he’s contemplating. The judgment, if I remember correctly, makes the business and the parties jointly and severally responsible? (I can’t remember. I’d have to read it). If individuals are responsible, then, if they die, their estates would be responsible.
You can discharge a lot in bankruptcy, but there are many carve-outs. It’s complicated, but, for example, there’s this:
“The types of debts described in sections 523(a)(2), (4), and (6) (obligations affected by fraud or maliciousness) are not automatically excepted from discharge. Creditors must ask the court to determine that these debts are excepted from discharge. In the absence of an affirmative request by the creditor and the granting of the request by the court, the types of debts set out in sections 523(a)(2), (4), and (6) will be discharged.” https://www.uscourts.gov/services-f...basics/discharge-bankruptcy-bankruptcy-basics
Interesting. If he's forced to file for bankruptcy and all his debt are revealed openly, it might well turn out his debt could be higher than the actual value of his property.
This would make him officially an impostor, fraudster and probably worst of all: loser.
What would his followers think of him? Inguess that's his biggest fear: losing face
This would make him officially an impostor, fraudster and probably worst of all: loser.
What would his followers think of him? Inguess that's his biggest fear: losing face
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That's just another example of secret Deep State shenanigans trying to tear him down.
He's a Business Man™, after all.
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“This just proves he’s worth even more than he says he is!”
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I guess nobody can explain Trump's big reduction in bond amount. So that leaves the only explanation that we live in a country based on wealthy white privilege. The right would probably have a better leg to stand on if they just said it instead of trying to deny it. There’s no shortage of evidence to support it including how the founders set up the government.
Eric
Mama's lil stinker
This. Plenty of regular people sitting in a cell because they can't make bond and this asshole is given every break under the sun. The justice system in this country is a joke.
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Honestly a good part of the legal system wants Trump to win the election so he can just make it all go away and they won’t have to deal with it. Recently I’m inclined to throw Merrick Garland in that camp who most likely gamed things out including predicted delay tactics and then when Trump wins the election and makes it all go away they can go “We tried but we can’t do anything now. Sorry.” Democrats love to use institutions and the system as an excuse while Republicans give the finger to any of that, that gets in their way.
Donald Trump infuriates another judge, because he’s a fucking idiot
remind me how being an asshole in court has worked out for Donny in the past
www.jefftiedrich.com
Herdfan
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It's not. It's value is $10M. His share is worth $4B.
you mean 10 Bn vs 4 Bn? Still incredible
MEJHarrison
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I suspect you're right. However, we are talking about the guy convicted of over inflating his assets. So who can really say?
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True, OTOH he's making 4 Bn (BILLION!!!) with - what? He isn't fit to shovel shit, yet he's making that kinda money off his followers. As retarded as he might be, this still strikes me as genius (not in a good way).I suspect you're right. However, we are talking about the guy convicted of over inflating his assets. So who can really say?
Think of it... people with close to double his IQ work hard all their life just to get along, while that buffoon makes 4 Billion without really realizing how he did it. Not to mention its unlikely that he has an idea how TS works
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MEJHarrison
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He's the anti-Midas. All the gold he touches seems to turn to shit. This is just the beginning. I'll sure he'll eventually bankrupt it. That seems to be his thing. But these things take time. Even he can't tank it overnight.
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Herdfan
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I suspect you're right. However, we are talking about the guy convicted of over inflating his assets. So who can really say?
Publicly traded. So the market determines the total value, not Trump.
Just search DJT on any stock website.
Eric
Mama's lil stinker
Classic pump and dump, using his name to inflate the value. It could very well be scrutinized, though.
