01-14-2012, 11:34 AM
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Confirmed User
Join Date: Aug 2003
Posts: 7,082
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Originally Posted by KlenTelaris
That doesn't change fact how he bankrupted.
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but it does prove your present tense declaration is total utter bullshit
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And he also have huge debt,close to bankruptcy.
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many very wealthy people declared bankruptcy in the past
http://www.law-margulies.com/CM/Bank...yArticles3.asp
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Henry Ford, 1863-1947, automobile manufacturer, first two automobile manufacturing companies failed. The first company filed for bankruptcy and the second ended because of a disagreement with his business partner. In June 1903, at the age of 40, he created a third company, the Ford Motor Company with a cash investment of $28,000.00. By July of 1903 the bank balance had dwindled to $223.65, but then Ford sold its first car, and as they say the rest is history.
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Henry John Heinz, 1844-1919, condiment manufacturer, started his company in 1869 selling horseradish, pickles, sauerkraut and vinegar. In 1875 the company filed for bankruptcy due to an unexpected bumper harvest which the company could not keep up with and could not meet its payroll obligations. He immediately started a new company and introduced a new condiment, tomato ketchup to the market. This company was, and continues to be, very prosperous.
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Donald Trump, 1946-, businessman, filed a Chapter 11 bankruptcy case for his casino empire in 2004 to reorganize his business after negotiations with his creditors failed. This was the second bankruptcy case for his casino business, in 1992 he had filed Chapter 11 bankruptcy for his casino business.
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__________________
“When crimes occur through the mail, you don’t shut the post office down,” Steve Wozniak
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