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Your problem is you don't understand basic economics or business.
A strategic bankruptcy may occur when an otherwise solvent company makes use of the bankruptcy laws for some specific business purpose. A strategic bankruptcy can be used to get away from expensive contracts otherwise unbreakable. For example the airlines Sabena and Swissair have gone bankrupt and been restructured and got away from high salary and expensive pension contracts with pilots and other staff. In 2002 Kmart filed Chapter 11 for protection from creditors. One of the main problems affecting Kmart's cash flow and therefore its liquidity was that Kmart was locked into long-term leases at premium rates with respect to various unprofitable stores. While in chapter 11 reorganization, Kmart was able to renegotiate or rescind those particular leases.
In some countries, like Sweden, it is common at least for smaller companies with deep debts, to have a bankruptcy, and close down the company, but where the owner has prepared a new company which buys important assets including the name, and continues with much smaller debts.
First things first: Donald Trump has filed for corporate bankruptcy four times, in 1991, 1992, 2004 and 2009. All of these bankruptcies were connected to over-leveraged casino and hotel properties in Atlantic City, all of which are now operated under the banner of Trump Entertainment Resorts. He has never filed for personal bankruptcy — an important distinction when considering his ability to emerge relatively unscathed, at least financially.
“Corporations, limited partnerships, and LLCs in which he had an ownership interest or companies that had his name attached have filed for bankruptcy,” said Michael Viscount of Atlantic City law firm Fox Rothschild LLP, who represented unsecured creditors when Trump Hotels & Casino Resorts, as it was then called, filed for Chapter 11 protection in 2004. “Therein lies the big distinction.”
Dude! You're starting to go all wobbly on me.. Lemme see if I understand this NEW revelation of yours.. So, you think I should ONLY call the cops on the WHITE motherfucker who's breaking into my house?? Right???
Let's take a look at it all. So the cops are basically the klan according to libs, so if a black man breaks into your house, the klan is who you call.
DUDE! Wobbly ain't the right word for it.. Bonkers is better
We have no need to hear about your names for your ex girlfriends.
I am probably a good person but I haven't taken the time to fill out my profile, so you'll never know!