HLMenckenFan to [email protected]English • 2 years agoDonald Trump committed fraud for years by inflating his worth to banks and insurers, a New York judge findswww.businessinsider.comexternal-linkmessage-square31fedilinkarrow-up1771
arrow-up1771external-linkDonald Trump committed fraud for years by inflating his worth to banks and insurers, a New York judge findswww.businessinsider.comHLMenckenFan to [email protected]English • 2 years agomessage-square31fedilink
minus-square@[email protected]linkfedilink69•2 years agoSays the judge revoked ALL of his business certificates in New York. Trial will continue to assess damages he must pay.
minus-squareME5SENGER_24linkfedilinkEnglish5•2 years agoIs he able/or has he already given these to his children yet? You know, like Mar-A-Lago
minus-square@[email protected]linkfedilink11•2 years agoThis article explains some of the consequences https://www.businessinsider.com/trump-fraud-ruling-corporate-death-penalty-for-his-empire-experts-2023-9 I’m not sure what restrictions will be when he obviously tries to appeal. Can’t go to his sons though since they’re also affected by the order.
minus-square@[email protected]linkfedilinkEnglish8•2 years agoBut if he declares bankruptcy ? Plus he can just hide his business in shell companies or his kids
minus-square【J】【u】【s】【t】【Z】linkfedilink2•edit-22 years agoCan unlicensed biz orgs seek bankruptcy protection? The recievership can.
minus-square@[email protected]linkfedilink2•2 years agoHopefully, one day, Alex Jones will be made to pony up what he owes
minus-square@[email protected]linkfedilinkEnglish44•2 years 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.
minus-squareNatanaellinkfedilink7•2 years agoIt’s effectively no longer his to be declared bankrupt, the NY state will be appointing people to control it. This is the one he can’t escape from
Says the judge revoked ALL of his business certificates in New York. Trial will continue to assess damages he must pay.
Is he able/or has he already given these to his children yet? You know, like Mar-A-Lago
This article explains some of the consequences https://www.businessinsider.com/trump-fraud-ruling-corporate-death-penalty-for-his-empire-experts-2023-9
I’m not sure what restrictions will be when he obviously tries to appeal. Can’t go to his sons though since they’re also affected by the order.
But if he declares bankruptcy ? Plus he can just hide his business in shell companies or his kids
Can unlicensed biz orgs seek bankruptcy protection?
The recievership can.
Hopefully, one day, Alex Jones will be made to pony up what he owes
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.
It’s effectively no longer his to be declared bankrupt, the NY state will be appointing people to control it. This is the one he can’t escape from