Trump is a Winning Machine

Discussion in 'The Dungeon' started by blkduc, Dec 14, 2016.

Page 298 of 611
  1. Mongo

    Mongo Administrator

    That has been tried in DC forever - has it ever worked yet?
     
    Mongo, Mar 21, 2018
    #5941
    R Acree likes this.
  2. Mongo

    Mongo Administrator

    Pretty sure I've said it before but even though I don't like the whole Ch 11 thing - it is a totally normal business practice. Especially in real estate in NYC.
     
    Mongo, Mar 21, 2018
    #5942
  3. Mongo

    Mongo Administrator

    After the first handful once he got in office I started looking at them more and I think they are just part of a really good mind game he plays. I still don't like him but the things he's pulling off using the tweets impress me.
     
    Mongo, Mar 21, 2018
    #5943
  4. wmhjr

    wmhjr Well-Known Member

    You do know that chapter 11 is one of the two major types of bankruptcy- focused on reorganization of liabilities and means creditors have to settle for lesser terms than contracted? No matter the opinion about trump, your statement is false.
     
    wmhjr, Mar 21, 2018
    #5944
  5. Funkm05

    Funkm05 Dork

    You do know the difference between personal and business, right? My statement is spot on.
     
    Funkm05, Mar 21, 2018
    #5945
  6. Mongo

    Mongo Administrator

    How is his statement false even with what you posted? No one said the creditors get all their money last I looked.
     
    Mongo, Mar 21, 2018
    #5946
  7. pickled egg

    pickled egg There is no “try”

    Uh, no.

    Chapter 11 is a reorganization of the debt structure a corporation or individual carries. There is no implicit or explicit "bath taking" in a chapter 11. If assets are sufficient, and the bankruptcy court decides, a liquidation can be forced (chapter 7) to satisfy obligations to secured debtors, then unsecured debtors, then shareholders.

    Just declaring C11 doesn't relieve you of your obligations nor does it reduce your obligations.
     
    pickled egg, Mar 21, 2018
    #5947
    sheepofblue likes this.
  8. HPPT

    HPPT !!!

    1%? Equating a casino with a steak, for instance, is a little disingenuous. :D
     
    HPPT, Mar 21, 2018
    #5948
  9. Funkm05

    Funkm05 Dork

    You’re right. It’s actually .8%. :D
     
    Funkm05, Mar 21, 2018
    #5949
  10. wmhjr

    wmhjr Well-Known Member

    Um. No. Chapter 11 if the US Bankruptcy Code is frequently referred to as a “reorganization “ bankruptcy. Period. It is filed in (wait for it) the bankruptcy court under title 11 usc 109g, 362(d)(e). Section 1107 if the bankruptcy code covers debtors in possession. It IS a form of bankruptcy. Period.
     
    wmhjr, Mar 21, 2018
    #5950
  11. pickled egg

    pickled egg There is no “try”

    No shit, Sherlock.

    Bankruptcy doesn't magically eliminate obligations. It offers a reprieve from repayment under the court's watchful eye to protect the interests of those owed.
     
    pickled egg, Mar 21, 2018
    #5951
  12. In Your Corner

    In Your Corner Dungeonesque Crab AI Version

    Sounds like you've been one of those owed before.
     
    In Your Corner, Mar 21, 2018
    #5952
  13. Funkm05

    Funkm05 Dork

    And not a single piece of this disproves my original statement in any way. Period.
     
    Funkm05, Mar 21, 2018
    #5953
  14. pickled egg

    pickled egg There is no “try”

    Nope.

    Screwed.
     
    pickled egg, Mar 21, 2018
    #5954
  15. wmhjr

    wmhjr Well-Known Member

    Yes it does. You claimed he never filled bankruptcy. He did. Period.
     
    wmhjr, Mar 21, 2018
    #5955
  16. Funkm05

    Funkm05 Dork

    I’ll say it again ... try reading for comprehension. HE has never filed for bankruptcy. 4 of his business ventures have.

    I even tried to help you out there. ;)

    Edit: And yes ... that distinction DOES make a difference.
     
    Funkm05, Mar 21, 2018
    #5956
  17. Fonda Dix

    Fonda Dix Well-Known Member

    YUGE difference

    Bankruptcy is a business tool.
     
    Fonda Dix, Mar 21, 2018
    #5957
  18. In Your Corner

    In Your Corner Dungeonesque Crab AI Version

    In Your Corner, Mar 21, 2018
    #5958
  19. Chino52405

    Chino52405 Well-Known Member

    Bankruptcy is a fucking other people's businesses tool.
     
    Chino52405, Mar 21, 2018
    #5959
  20. pickled egg

    pickled egg There is no “try”

    Spoken like a true fucktard
     
    pickled egg, Mar 21, 2018
    #5960
Page 298 of 611

Share This Page