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General   (General discussion, talk about anything.)

Started by: whacker (1039)

Mr. Israel
To your first cut and paste:

Prominent figures sell their names to merchandisers. They check it out to see that the company is ethical, and then, in return for the use of their name, receive a monthly check for 12% of the gross. It is likely that then businessman Trump was able to negotiate a higher emolument.

When the companies on your cut and paste list went bad, those payments ceased. It was not a failure on Mr. Trump’s part at all, merely of the purchasers. Mr. Trump made out very well. You can easily and cheaply check this out for yourself. You will need the spread sheets and the court records from the bankruptcy hearings. Westlaw.com can obtain these for you. I am surprised you have not heard of or understood these transactions.


For your second cut and paste…

… you seem to be ignorant of US bankruptcy laws. There is no shame in that, why should you? But it is axiomatic that if you are in total ignorance of something, you are foolhardy to write about it.

Under US Chapter Eleven provisions company investors can file for protection from creditors, giving the investors the opportunity to restructure their debts, install new management, re-size the operation or anyone of a number of other stratagems. They are common, perfectly legal procedures and smart investors such as Mr. Trump are entitled to take advantage of them.

And he has; to the tune of nine billion dollars.

So effective is Chapter 11 that there was talk of England adopting it; perhaps they have by now but called it by another name. You know, like Clement Atlee calling his peanut scheme “groundnuts” so as not to have the appearance of doing anything American. If that is so, I feel confident that you have used the new laws to your advantage, for you constantly deride President Trump's intelligence thereby comparing it unfavorably to your own, and you must now be happily romping toward a nine billion pounds bonanza in your bank account.

Do check out Westlaw.com for the spread sheets and court documents you need to make a cogent case. They cost only $99.00, a little over 84 pounds each, so a few hundred pounds will put you nicely on the road to correcting your errors on this site and, even, perhaps, possibly, enable you to posit posts that are informed, sensible and true.

Replied: 30th Jun 2020 at 16:50

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