💣💣BANKRUPTCY,  THE TOOL FOR TRUMP'S  POWER GAME💥💥

Bankruptcy is like hitting the reset button when a person or business owes more money than they can pay 💸. Instead of being chased endlessly by creditors, bankruptcy gives them legal protection and a chance to either wipe the slate clean or come up with a plan to repay what they can 🔁. It’s not a magic fix, but it’s a powerful way to get breathing room when debts get out of control 😮‍💨.

There are different types of bankruptcy, but the most common ones are Chapter 7 (liquidation) and Chapter 11 (reorganization) ⚖️. Chapter 7 is like selling off everything to pay debts 🏷️, while Chapter 11 is more like hitting pause ⏸️, restructuring the business, and trying to make a comeback.

How Owners Protect Themselves

Here’s the cool part 😎: savvy business owners often set up each company they own as a separate legal entity. That means if one business tanks 💥, it doesn't drag the others down with it. If Business A goes bankrupt, the debts usually stay with A, not B, C, or D 🏢. Think of it like separate rooms in a mansion...if one catches fire 🔥, the others can stay untouched 🧯.

Bankruptcy laws also let owners keep control while they fix things 🛠️. They can negotiate with lenders, reduce debts, and keep their empire from crumbling, even if one part falls apart 🏰.

🗣📢Trump & the Plaza Hotel Drama💯

Back in the 90s, Donald Trump threw a massive wedding at the Plaza Hotel 💍,rumored to be funded with mortgage money 🏦. The wedding was glamorous ✨, the debts were gigantic, and soon after, the Plaza Hotel filed for Chapter 11 bankruptcy 📉.

Trump handed over part ownership to creditors, stayed in the game ♟️, and walked away with his empire still standing 👑. Talk about turning a debt disaster into a boss move.