Not it they simply went Chapter 11 and reorganized.
Is that how filing for bankruptcy works?
That's how chapter 11 type bankruptcy works. The business continues to run but the debtors are now the owners. There's also chapter 7 where the business shuts down and stripped for parts to pay the debts.
Yeah, Trump went bankrupt 3 times, and he's still here
cough 6 times cough
[0] https://www.washingtonpost.com/politics/2016/live-updates/ge...
Is that how filing for bankruptcy works?
That's how chapter 11 type bankruptcy works. The business continues to run but the debtors are now the owners. There's also chapter 7 where the business shuts down and stripped for parts to pay the debts.
Yeah, Trump went bankrupt 3 times, and he's still here
cough 6 times cough
[0] https://www.washingtonpost.com/politics/2016/live-updates/ge...