How the fuck does a billionaire even go bankrupt?

how the fuck does a billionaire even go bankrupt?
i bet if i inherited a billion dollars i would never go bankrupt

drumpf btfo

Other urls found in this thread:

fortune.com/2016/01/15/powerball-lottery-winners/
uscourts.gov/services-forms/bankruptcy/bankruptcy-basics/chapter-11-bankruptcy-basics
twitter.com/AnonBabble

President Trump has never been bankrupt you retard.

SHILLS FOR SHILLARY
SHILLS FOR SHILLARY
SHILLS FOR SHILLARY

Correct The Record, a Hillary For President SuperPac funded by GoldmanSachs, is responsible for the current Shillary raid, pic related.

...

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Businesses are separate entities from people.

One of the first things you learn as a business owner is that as long as you got your initial investment out, it's okay to run a business into the ground by taking out more loans than you can ever pay back in hopes that you hit the moonshot lottery, because it won't bite you in the ass.

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No one is being paid to shill for Hillary. It's a Republican-funded lie and a pathetic attempt to smearing her campaign.

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>how the fuck does a billionaire even go bankrupt?

Why So Many Lottery Winners Go Broke
fortune.com/2016/01/15/powerball-lottery-winners/

A business filing for bankruptcy =/= Trump was bankrupt.

after this post I'm now a #shillforHill

LLC?

Any business that isn't a single ownership or partnership, essentially.

I don't know why I'm even replying to a b8/shill thread but OP do you even know the difference between chapter 7 and chapter 11? If not you need to GTFO.

Trump has never gone bankrupt you moron.

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Trump has never been bankrupt you dumb fucking jew.

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Would you recommend any particular entity for a new small business?

Let's say import / export

>we /biz/ now

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go away evil dogger dope time

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>created 100s of compagnies
>4 of them went bankrupt

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>buy company A for $1 million.
>buy company B for $100 million.
>make B take out $20 million loan.
>transfer $120 million in assets from B to A
>declare B bankrupt.
>enjoy the sweet $20 million you just made.
>repeat

>Not using bankruptcy and LLC's as a tool to gain wealth.

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What the fuck is going on in this picture?

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THOUSANDS of companies....The average success fail ratio is 12-1....Trump more than flipped that

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I really need to filter drumpf
fuck you and your low energy shitposting

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I assume Chinks are scamming customers by only including one battery instead of two.

1) he didn't go bankrupt you fucking idiot, about two of his companies did (one three times) both in Atlantic city. Trump actually benefited from the bankruptcies.

2) his dad was only worth around $300 million dollars and died in 1999, when Donald was already a famous billionaire.

3) Shillary clearly is paying you too much.

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just an llc, keeps it simple ,

thats basically one uninsured trip to the ER

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Go away, evil dogger

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SHILL FOR SHILL GOD SHILL FOR THE SHILL GOD SHILL FOR THE SHILL GOD

They are con artists who work on credit. Its all about the lie. Thats why he makes a decent politician.

You can even check youtube for Ivanka telling about an episode of her life when Trump was passing by some bum and said to her that he owned more money than he does.

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>go away evil dogger

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there it is. THE TRUTH THE CUNT DONT WANT YOU TO SEE.

SOME ONE PLEASE FOR THE LOVE OF W/E KILL THE CUNT

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Do you know how bankruptcy law works?

Trump's 4 Bankruptcies were "Chapter 11".
They are called that because they refer to Chapter 11 of the Bankruptcy Code.

uscourts.gov/services-forms/bankruptcy/bankruptcy-basics/chapter-11-bankruptcy-basics

Chapter 11 is not a "Debt Forgiveness".
It's a temporary hold on collection to avoid default, allowing the debtor to work out a deal with the owner of their debt and hash out a payment plan.

In Trump's case, he paid off the debts in full within 60 days.

Limited Liability Corporation. It establishes a business as a separate entity from yourself so that your personal holdings are separate from your business, eg you won't lose your house if your business goes bankrupt.

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Pretty sure it's showing you how to operate something that requires 2 batteries with only 1 battery.

Oh, I know what an llc is, I was just curious if there was a situation-ally better entity title benefiting a small business that brings in let's say under 100k a year.

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Oh. Well then, not that I know of. LLC all the way.

it's the easiest way to become a millionaire

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Go away, evil dogger!

You need to be 18 years or older to view and post on this website. Seems you have 10 more years to go. When you become a sophisticated adult like myself you can return.

how do you even lose a billion dollars
like where does it even go when you lose it
wtf?

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"Go away evil dogger"= La lalal la la la I'm not listening!! La la la la!! Fuck you I gonna vote for Trump cuz he represents mah lil insecure white dick la la la la!!

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MAGA

>black history on facebook

WE

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Go read his book "art of the deal" and you might understand why he decorated bankruptcy.

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hi Somalibro, how's it going?

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MAGA

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"Go away evil dogger"= This thread has been posted 10 million times already and there is no more reason to give

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Sloveniabro, I'm good, been busy at work. How are you? You country has a nice name, easy on the tongue and sounds like sexy blonde girl's name. What's the meaning of it?

(OP)

> $0.02 USD has been deposited to your paypal account

> Thank you for your efforts on behalf of the Hillary 2016 Memetics PAC, a subsidiary of The Goldman Sachs Group Inc. GS (NYSE) $160.01 -0.06 (-0.04%)

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I'm good too, just sold a flat in bumfuck nowhere for a really good price, and now I'm looking for a nice holiday home with a good bit of land around it, hopefully I'll finally get to have a dogbro of my own

Slovenia means literaly the land of Slovenes and I do have to admit that our women are fine and age reasonably well, lots of blondes too

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Do not reply to shillary threads.

Hide all shillary threads .

Shillbots get paid per reply

Sage

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