What Does Donald Trump Think About Bankruptcy?
I have to admit that I haven't interviewed Donald Trump, so I can't say for sure what he thinks about bankruptcy, but based on the fact that he himself has benefited from having filed at least 6 bankruptcies for his businesses, I think I have a pretty good idea.
Bankruptcy Can Be Good For YouI would certainly think that President Donald Trump must be highly in favor of bankruptcy, since he has filed at least 6 bankruptcies for his businesses, and he has received great benefits from those bankruptcy filings.
President Trump's business empire is supposedly worth billions and billions. I wonder if he would be a multi billionaire if he had not taken full advantage of the fairly liberal United States Bankruptcy laws.
Over the last few years, close to 2 million people have been filing each year. As more people learn the real truth about bankruptcy and its benefits, who knows, maybe 3 million or more people might file for bankruptcy this year.
If the President of the United States has used our bankruptcy laws to get a fresh financial start on at least 6 different occasions, why would anyone else hesitate to use our laws for the purposes for which they were intended: to legally forgive your debts so you can begin fresh and anew, and have a much brighter financial future for yourself and your family in the years ahead.
Bankruptcy is your legal right under the United States Constitution, and many people will tell you that bankruptcy got its start in the Bible, in the Old Testament book of Deuteronomy, which speaks of forgiveness of debt every 7 years and the Year of Jubilee.
If you file a successful Chapter 7 bankruptcy, all or virtually all of your debts will be totally forgiven by the federal government in less than 4 months. By way of illustration, you can be fully released from the following debts:
Credit cards, medical bills, personal loans, mortgages, car payments, old income taxes, legal fees, utility bills and phone bills, pay day loans, surcharges on your driver's license (and have your driving privilege restored, if it revoked only due to surcharges), wage garnishments, frozen bank accounts, and many more.
You can also stop foreclosure on your home, stop sheriff's sales, reduce monthly mortgage payments and car payments, stop people from suing you, stop repossessions of your vehicle, and (if you act quickly) get your vehicle back after it has been repossessed.
Why Not Think Like The President?I am now telling most of my clients, "Why not be smart, and think like the President. What do you think Donald Trump would do if he were faced with your situation?"
So what do I think Donald Trump thinks about bankruptcy? Well, it is only an educated guess, but I guess Donald Trump might say something like this:
"In the right circumstances bankruptcy is one of the smartest things a person can do. Be intelligent, and don't worry about those credit card companies; they probably make billions, like me, every year, and they won't miss your money.
"You didn't get a bailout when all of those big banks got bailed out, did you? Well, you have the right to use bankruptcy as your legal bailout, and if you need to file bankruptcy more than once or twice, don't worry about it, as long as it's legal, do it. So don't feel bad or guilty, feel smart and happy.
"Take it from me, when done right, bankruptcy can be fun, and when those bills are wiped out in about 4 short months, why not have a big party and celebrate your victory over debt. And if you want to, invite me."
Now I could certainly vote for that.