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brewens

(15,359 posts)
Wed Mar 20, 2024, 05:40 PM Mar 2024

Has anyone done and research on how many bankruptcies Trump has caused? My search didn't conjure up

anything published about that, just his six. I've heard a few stories including one guy committing suicide when Trump put his business under but no compilation of his destruction.

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Has anyone done and research on how many bankruptcies Trump has caused? My search didn't conjure up (Original Post) brewens Mar 2024 OP
There was just a post on mastodon that BootinUp Mar 2024 #1
From mastadon RainCaster Mar 2024 #2
I'm sure he caused more bankruptcies than that Vogon_Glory Mar 2024 #3
Easy to find... brooklynite Mar 2024 #4
I was after how many people in business with Trump went under because of his bankruptcies? brewens Mar 2024 #5

BootinUp

(51,635 posts)
1. There was just a post on mastodon that
Wed Mar 20, 2024, 06:24 PM
Mar 2024

looked pretty thorough. I tried cut and paste but the formatting is messy. Try the link to the mastodon post below.


https://beige.party/@Lana/112129368303964665

RainCaster

(13,888 posts)
2. From mastadon
Wed Mar 20, 2024, 06:46 PM
Mar 2024

This is the stuff from mastadon. It's only those businesses he tried and failed at. This does not count all the businesses he stiffed and because of that bankruptcy ensued. I would guestimate at least 16 times this number.

Dear New York Times et al,

He was never a successful businessman.

1. He inherited 400 million dollars and turned that into zero dollars.
2. He went bankrupt 7 times.
3. Some of those bankruptcies were casinos, literally a license to print money which he couldn't manage.
4. He conned kids with cancer out of money once. That's why he can't run a charity anymore.
5. The following business ventures no longer exist or are insolvent:
a. Trump Steaks
b. Trump University
c. Trump Mortgage
d. Trump Vodka
e. Trump: The Game
f. Trump Ice
g. GoTrump.com
h. Trump Magazine
i. The New Jersey Generals
j. Trump Airlines
k. Trump Entertainment Resorts (filed for bankruptcy FOUR TIMES)
l. Trump Tower Tampa
m. Trump Taj Mahal
n. The Trump Plaza
o. Trump Castle
p. Plaza Hotel
q. Trump Media and Technology Group
r. Truth Social
s. Trump Shuttle, Inc
t. Trump Fire
u. Trump Power
v. Trump's American Pale Ale
w. Trump Marina
x. Trump Casino, Indiana
y. Trump Style
z. Trump World Magazine
aa. Trumpnet, LLC
ab. Trump Entrepreneur Initiative
ac. Trump Fragrances
ad. Empire by Trump
ae. Trump Mattress
af. Tour de Trump
ag. Trump Network
ah. Trumped!
ai. Trump Menswear
aj. Trump Home
ak. Success by Trump
al. Trump Hotel Bedding Line
am. Donald J. Trump Eyeglasses
an. Donald Trump Regency Lighting
ao. Select by Trump Coffee
6. Of the 16 companies that were manufacturing Trump-branded products in 2015, only 2 remain in business less than 10 years later. Neither of those companies are American. One is located in Panama and the other is located in Turkey.

Stop saying "successful businessman". My little company founded in 2014 has been in business longer, employs more people, and makes more income than 99% of his ventures. The difference between him and me is access to capital, which means he gets unlimited bites at the apple, and I get just this one if I'm lucky.

Signed,
a small business owner in Washington

Vogon_Glory

(10,353 posts)
3. I'm sure he caused more bankruptcies than that
Wed Mar 20, 2024, 07:16 PM
Mar 2024

I’m not talking about the Trump-organized or Trump-franchised organizations listed here. I’m thinking of the many, many Trump business partners and Trump subcontractors his crooked business practices who lost money or were driven into insolvency by his business practices.

I live here in Texas. From time to time I see pickups and vans belonging to small building, plumbing and electrical subcontractors still sporting pro-Trump bumper stickers. I see them, shake my head, and sigh, thinking “G*d Almighty, fella! Don’t you know or care about the hundreds of people just like you that your guy ruined? Why on God’s Green Earth do you think he’ll be good for you or good for the country? He doesn’t deserve your support!”

 

brooklynite

(96,882 posts)
4. Easy to find...
Wed Mar 20, 2024, 07:49 PM
Mar 2024

“You’ve taken business bankruptcies six times.”
–Hillary Clinton

“On occasion – four times – we used certain laws that are there.”

–Donald Trump

THE FACT CHECKER | Clinton is correct.

Trump’s companies have filed for Chapter 11 bankruptcy protection, which means a company can remain in business while wiping away many of its debts. The bankruptcy court ultimately approves a corporate budget and a plan to repay remaining debts; often shareholders lose much of their equity.

https://www.washingtonpost.com/politics/2016/live-updates/general-election/real-time-fact-checking-and-analysis-of-the-first-presidential-debate/fact-check-has-trump-declared-bankruptcy-four-or-six-times/

 

brewens

(15,359 posts)
5. I was after how many people in business with Trump went under because of his bankruptcies?
Thu Mar 21, 2024, 01:34 AM
Mar 2024

I've heard a number of the stories about his dealings where he forces contractors to settle for way less than the job was worth. That had to have put some of them under. I'd like to see a complete list.

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