Even if it were just $1m, that would be a lot more adjusted for inflation. But apparently it wasn’t $1m.
Would you be broke in a year? Are you as smart as most people?
If you experience bankruptcy once in your 20’s, is that better or worse than experiencing it multiple times in your 40’s, 50’s and 60’s?
Business career of Donald Trump | Business bankruptcies
Although Trump has never filed for personal bankruptcy, hotels and casino businesses of his have declared bankruptcy six times between 1991 and 2009 due to its inability to meet required payments and to re-negotiate debt with banks, owners of stock and bonds and various small businesses (unsecured creditors). Because the businesses used Chapter 11 bankruptcy, they were allowed to operate while negotiations proceeded. Trump was quoted by Newsweek in 2011 saying, "I do play with the ban The six ban...