07-22-2015, 07:23 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
i'm presenting reality. those banks knew the riskiness of casino ventures and Trump when they inked the original deals and when they inked the restructuring of the interest rate. you make it out like trump skated on the principle owed. his companies did not, they renegotiated interest rates and that happens all the time and banks understand that better than you, or me.
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The whole point is voluntarines on the part of creditors who are restructuring debt. You cited the fact that debt restructure is common. But in bankruptcy, creditors do not voluntarily offer restructure deals. Rather they are forced to negotiate a plan...or risk recouping even less. Because if the creditors would "be fine" with a debt restructure, then there would be no need for the debtor to file for bankruptcy in the first place. The debtor and creditor could restructure their deal outside of bankruptcy court. |
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