Trump declared bankruptcy in Puerto Rico, defaulting on municpal bonds, teacher pensions...

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27. The resort was already in trouble before Trump came in the manage it.

Did bankrupt Trump golf course in Puerto Rico leave taxpayers on the hook?
By Amy Sherman on Thursday, May 4th, 2017 at 4:09 p.m.

http://www.politifact.com/florida/statements/2017/may/04/florida-democratic-party/did-bankrupt-trump-golf-course-puerto-rico-leave-t/

We sent a summary of the golf course’s financial problems to a few experts and asked if Trump should be blamed for the bankruptcy. (These experts on bankruptcy or corporate law received our summary with links to news reports but didn’t pore over financial records for days, as McCann’s firm did.)

John A. E. Pottow, a University of Michigan law professor and bankruptcy expert, said Trump bears some blame for the failure of the golf course because he failed to turn it around. But he said it is debatable if management is to blame for bankruptcy because the context of the recession is a factor.

"I don't know if I like to ‘blame’ anyone for bankruptcy, but to the extent you want to blame people, sure, blame the president (or his company)," Pottow said.

Miami attorney Milton Vescovacci, of Gray Robinson law firm, says the only way to blame Trump for the bankruptcy would be if his involvement was so costly to the operation that it caused the business to fail, and that didn’t appear to be the case here. (Vescovacci is an expert on banking and finance and is currently working with an organization to lobby the U.S. government to allow Puerto Rico to restructure its debt)

The golf course bankruptcy is different from bankruptcies of multiple Trump casinos, McCann said.