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re: Trump owes lenders $450 million yet there were no complaints from the lenders.

Posted on 2/18/24 at 6:53 am to
Posted by KiwiHead
Auckland, NZ
Member since Jul 2014
27888 posts
Posted on 2/18/24 at 6:53 am to
Yeah, it's the smart move and a negotiating tactic. When the state comes at you like this, they will get something whether they "deserve" it or not. Good BK guys can make their clients look like paupers before a Trustee. Looking like you owned nothing, was actually one of Epstein's specialties along with using young girls to get leverage.

I knew guys in NYC who had BK attorneys on speed dial just in case something like this would come up. When they engage in Lawfare, it helps when you also get into the game.
Posted by NC_Tigah
Carolinas
Member since Sep 2003
124322 posts
Posted on 2/18/24 at 10:40 am to
quote:

Yeah, it's the smart move and a negotiating tactic.
How does a multibillion dollar company declaring bankruptcy secondary to a $500M liability make sense?
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