07-22-2015, 06:34 PM
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Confirmed User
Industry Role:
Join Date: Feb 2010
Location: California
Posts: 3,068
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Quote:
Originally Posted by dyna mo
liquidation would have been better than restructuring? those banks knew what they were getting into when they loaned trump run orgs all that cash each and ever time and they obviously were fine with the restructured deal terms.
there was nothing inappropriate about those bankruptcies, Trump plays in a risky arena- casinos, everyone knew the risks, prats and pitfalls and how to recover working together if shit hit the fan.
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I never claimed that bankruptcy is inherently wrong...I simply reworded what "restructuring" really means...which is to legally avoid fully paying on a contract that both parties had previously agreed to.
And of course creditors might "be fine" with restructured debt deals, because the other alternative means even less payment or none at all. So of course a creditor would "be fine" with 50 cents on the dollar repaid in a restructure deal versus 1 cent on a dollar repaid in liquidation.
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