| ▲ | shnock 2 hours ago | |
Is that how filing for bankruptcy works? | ||
| ▲ | gangstead 2 hours ago | parent | next [-] | |
That's how chapter 11 type bankruptcy works. The business continues to run but the debtors are now the owners. There's also chapter 7 where the business shuts down and stripped for parts to pay the debts. | ||
| ▲ | stevefan1999 6 minutes ago | parent | prev [-] | |
Yeah, Trump went bankrupt 3 times, and he's still here | ||