HLMenckenFan@lemmy.world to News@lemmy.worldEnglish · 1 year agoDonald Trump committed fraud for years by inflating his worth to banks and insurers, a New York judge findswww.businessinsider.comexternal-linkmessage-square4fedilinkarrow-up10arrow-down10
arrow-up10arrow-down1external-linkDonald Trump committed fraud for years by inflating his worth to banks and insurers, a New York judge findswww.businessinsider.comHLMenckenFan@lemmy.world to News@lemmy.worldEnglish · 1 year agomessage-square4fedilink
minus-squarenaonintendois@programming.devlinkfedilinkarrow-up0·1 year agoSays the judge revoked ALL of his business certificates in New York. Trial will continue to assess damages he must pay.
minus-squareMojojojo1993@lemmy.worldlinkfedilinkEnglisharrow-up0·1 year agoBut if he declares bankruptcy ? Plus he can just hide his business in shell companies or his kids
minus-squareMrMamiya@feddit.delinkfedilinkEnglisharrow-up0·1 year agoBankruptcy isn’t a get out of debt free card. It’s a “you’re gonna sell this stuff to pay off your creditors” card. His sons were involved in the lawsuit and cannot legally do business in New York.
Says the judge revoked ALL of his business certificates in New York. Trial will continue to assess damages he must pay.
But if he declares bankruptcy ? Plus he can just hide his business in shell companies or his kids
Bankruptcy isn’t a get out of debt free card. It’s a “you’re gonna sell this stuff to pay off your creditors” card.
His sons were involved in the lawsuit and cannot legally do business in New York.