It’s true. The famous billionaire and possible future president has filed for Chapter 11 bankruptcy on four occasions, in 1992, 1994, 2004, and 2009. Is this a sign that the esteemed businessman, and star of The Apprentice, may not actually be a good businessman?
Not according to Trump. He argues that the businesses he’s had to file bankruptcy for all eventually able to turn around to become profitable. Bankruptcy is just something he had to resort to in order to manage debt. As it turns out, bankruptcy can actually be good business.