I will withhold my general thoughts on Trump here, but I will tell you that the man owns his prior bankruptcies. When questioned on the campaign trail, Trump bluntly tells reporters that his bankruptcy filings were decisions made with the best interests of his businesses in mind.
You see, trump doesn’t just acknowledge his prior bankruptcy filings. Rather, he celebrates them. Trump claims that the bankruptcy code allowed his various business interests to cut deals and emerge even stronger. This kind of bravado isn’t typically associated with the bankruptcy process.
If Trump can file multiple bankruptcies in order to protect his business interests, why do regular people have such a hard time accepting bankruptcy? There obviously is a disconnect there.
Bankruptcy is an important tool that allows people to get a fresh start with their finances. It is by no means an easy decision to make. I try to advise my clients to take the emotion and fear out of the decision process. Instead, focus on objective things such as debt/income ratio, whether there is a realistic way out of debt, and the benefits of a fresh start.
These laws are in place to help innocent, but unfortunate people get a handle on their financial issues. If bankruptcy were so bad, Congress would outlaw it.
If you have thought about bankruptcy before, don’t delay any longer. Contact my office at (916) 333-2222 to discuss what bankruptcy can do for you.
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