Bankruptcy Isn’t Personal – It’s Business

Donald Trump never filed for bankruptcy. Trump’s companies have. He utilized laws in place to protect himself and reorganize his company’s debt.

The most recent bankruptcy filing was in 2009. Trump was elected President of the United States in 2016 showing people did not care about the financial distress. He used bankruptcy as a tool to restructure for future success. When asked about bankruptcy, Trump said, “Basically I’ve used the laws of the country to my advantage and to other people’s advantage just as Leon Black has, Carl Icahn, Henry Kravis has, just as many, many others on top of the business world have.”Trump

Taj Mahal Casino Resort, the Plaza Hotel, Castle Hotel & Casino, Trump Plaza, Trump Hotels & Casino Resorts and Trump Entertainment Resorts filed for Chapter 11 bankruptcy. The companies consolidated debt in order to pay off creditors and remain open.

https://www.forbes.com/sites/debtwire/2015/08/18/a-trip-down-donald-trumps-bankruptcy-memory-lane/#3af6b7d04609

DebtTrump realized that his businesses needed bankruptcy protection, and would not survive unless they used the bankruptcy laws to reorganize the company’s debts. If you have sufficient income, you may be able to reorganize your own household “business”, with a Chapter 13 Debt repayment plan.

Can you afford to file a Chapter 13 debt repayment plan?  Do you have at least $200 a month left over after regular expenses?  Then you may be able to mash all your debt into one payment you can afford, keep your vehicle, house and pension, and get an interest free repayment plan.

Dial 1-800-CALL-PFG for a free phone mini-consultation, or make an appointment online 24/7 at www.infotapes.com.  Bankruptcy laws are in place to help you.  Who knows bankruptcy like Geraci Law?  Geraci Law has 20,000 5star reviews since November 2016! 5star

Read more at www.bankruptcybookbypeterfrancisgeraci.com 

Thomas Jefferson – The President Who Needed Bankruptcy

 

Thomas Jefferson loved a lavish lifestyle. He was our 3rd President and author of the Declaration of Independence. He spent an enormous fortune constructing and furnishing his Monticello home. Jefferson served only the finest wines and a personal French chef prepared only the finest foods.

At the end of his life, Jefferson owed $100,000 in debt, about $1.6 million today! He was desperate for help. Without bankruptcy laws for relief, Jefferson attempted to create a “lottery” in which the winner would get title to monticelloJefferson’s lands (including Monticello). Ticket sales were disappointing and Jefferson died with his daughter Martha inheriting the debt.

https://www.history.org/foundation/journal/winter10/jefferson.cfm

Are you living beyond your means? If your budget is negative every month, you may be living like Jefferson. Geraci Law could help you file a Chapter 7 or Chapter 13 bankruptcy. Without credit, you learn to live within a budget.

Jefferson did not have bankruptcy as a resolve to his financial problems. You do! Do not spend your golden years worrying about debt repayment. If you have debt, just dial 1-800-CALL-PFG for a free phone mini-consultation or log on to www.infotapes.com to make appointments online 24/7.Money-Hand

Read more at www.bankruptcybookbypeterfrancisgeraci.com