148
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 21 Dec 2023
148 points (99.3% liked)
politics
19240 readers
2552 users here now
Welcome to the discussion of US Politics!
Rules:
- Post only links to articles, Title must fairly describe link contents. If your title differs from the site’s, it should only be to add context or be more descriptive. Do not post entire articles in the body or in the comments.
Links must be to the original source, not an aggregator like Google Amp, MSN, or Yahoo.
Example:
- Articles must be relevant to politics. Links must be to quality and original content. Articles should be worth reading. Clickbait, stub articles, and rehosted or stolen content are not allowed. Check your source for Reliability and Bias here.
- Be civil, No violations of TOS. It’s OK to say the subject of an article is behaving like a (pejorative, pejorative). It’s NOT OK to say another USER is (pejorative). Strong language is fine, just not directed at other members. Engage in good-faith and with respect! This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.
- No memes, trolling, or low-effort comments. Reposts, misinformation, off-topic, trolling, or offensive. Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.
- Vote based on comment quality, not agreement. This community aims to foster discussion; please reward people for putting effort into articulating their viewpoint, even if you disagree with it.
- No hate speech, slurs, celebrating death, advocating violence, or abusive language. This will result in a ban. Usernames containing racist, or inappropriate slurs will be banned without warning
We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.
All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.
That's all the rules!
Civic Links
• Congressional Awards Program
• Library of Congress Legislative Resources
• U.S. House of Representatives
Partnered Communities:
• News
founded 2 years ago
MODERATORS
this is very very funny but also don't these sort of business ghouls just see this as paperwork and not a horrible shame thing like we would? like a sacrifice bunt or something
Ya I think drumpf filed like 4 times and people still think he can run a business.
But he can run a business. Not well, mind you. But he can surely run it.
Soon, he won’t be able to run one in the state of New York, lol
Legally he can't in a few states now.
Anyone can run businesses into the ground
I guess I don't fully understand how someone can file for bankruptcy but still be rich after. If all it does is ruin your credit for 10 years or whatever the cutoff is, then why should the rich care if they file? They already have money and enough of it that investors don't really care about their credit. Shouldn't the government be garnishing wages or something at least?
Yeah I don't know how Alex Jones is just going along telling the government to get wrecked.
There are different types of bankruptcy, for both businesses and individuals. One form of bankruptcy occurs when you plan to pay your creditors but need the courts help to consolidate and set terms because you have too many creditors or terms you can't comply with. There is also a kind that allows you to discharge certain types of debt.
I'd have to look into it but I'm guessing Giuliani is filling the structuring his debt kind because he owes dramatically more than he is worth. His debt likely can't be fully discharged in bankruptcy, but a judge can allow for the orderly sale of assets and structuring of payment, rather than a repossession frenzy.
Edit: he does for chapter 11, which is the kind that will restructure his assets and set up a payment plan to his creditors, including the recent legal judgements against him.
Many do, but probably not this time. Trump stopped taking his phone calls a while back, and he was scratching around for loose change, like doing Cameo. He probably doesn't have $147M in assets.