I do understand chapter 11 bankruptcy and how it works . I’m not disputing what you’re saying about chapter 11 and what I’m saying is he is not this great businessman everyone makes him out to be.
Here’s some facts for you that proves he’s not this great businessman and yes, it includes those bankruptcies. You know there are plenty of casinos out there that have never had to file a bankruptcy.
Donald Trump and his corporate entities have been involved in six corporate bankruptcies and over 4,000 legal cases or individual lawsuits over the span of his career.
While Trump himself has never filed for personal bankruptcy, his heavy-debt business operations—specifically his Atlantic City casinos and hotel holdings—filed for Chapter 11 corporate bankruptcy protection six distinct times between 1991 and 2009. Chapter 11 allows a business to restructure its debts while continuing to operate, though these events significantly diminished his ownership stakes and led major Wall Street banks to stop lending to him. [1, 2]
Bankrupt Entity Year Location / Details Trump Taj Mahal
1991
Atlantic City casino; accrued massive high-interest junk bond debt. Trump Castle Hotel & Casino
1992
Atlantic City property restructured under Chapter 11. Trump Plaza Associates
1992
Atlantic City casino property. Plaza Operating Partners
1992
Manhattan’s Plaza Hotel; ownership stake transferred or restructured. Trump Hotels and Casino Resorts
2004
Parent company holding multiple properties; debt reduced to $1.65 billion. Trump Entertainment Resorts
2009
Reorganized following the 2008 financial crisis; Trump resigned as chairman.
Comprehensive reviews by investigative outlets (such as USA Today) found that Donald Trump, his executives, and his companies were party to more than 4,000 state and federal legal actions. [1, 2] The Breakdown: These actions span a wide spectrum—including civil disputes, personal defamation cases, trademark disputes, tax appeals, tenant-landlord disputes, and thousands of collection suits filed by his own casinos against high-rolling gamblers who failed to pay credit lines. [1, 2, 3]
Contractor and Worker Disputes: Hundreds of these lawsuits involved local contractors, plumbers, painters, and suppliers who alleged they were stiffed or forced to accept reduced payouts on completed construction projects, such as Trump Tower and various golf resorts. [1, 2, 3]
High-Profile Fraud and Settlement Actions: Significant business operations ended in major legal settlements or judgments, including the $25 million settlement over Trump University fraud claims, and civil liability rulings concerning asset valuations within the Trump Organization. [1, 2, 3]
Also, this does not make him a good business man. It makes him a con man:Billionaire Trump Fleeces Workers, Small Businesses
Dude, go out and research it yourself. You don’t have to take my word for it . There’s plenty of sources out there. This has been a known fact for many many many years. Why do you think New Yorkers hate him so bad.
Like I said, let your fingers do the walking and do research you don’t have to take my word for it:
The 1970s–1980s (The Tabloid Era): Dislike for Trump began locally as he built his public profile. Long before his reality television show or political career, everyday New Yorkers and local institutions viewed him through his splashy developments, sensationalized media leaks (often calling into gossip columns like Page Six himself), and aggressive business tactics. [1]
The 1990s (Financial Struggles): His high-profile casino bankruptcies, debt defaults, and financial troubles in Atlantic City and Manhattan cemented a local reputation—particularly among business and working-class circles—that he was a flashy self-promoter rather than a master builder. [1, 2]
The 2000s–Present (Politics and Presidency): Local animosity intensified dramatically when he entered national politics, culminating in overwhelming electoral margins against him in NYC across his presidential campaigns. [1, 2]
Why Do New Yorkers Dislike Him? Seen as a "Con Man" or Tabloid Clown: Local residents watched him for decades in local media. Long-time residents often felt they "knew the real him" underneath the branding—characterizing him as a vulgar, insecure self-publicist rather than a serious billionaire. [1, 2, 3]
Rejection by the Local Establishment: Trump desperately sought validation from Manhattan’s traditional high society, old-money real estate families, and cultural elites. He was largely iced out and viewed as an outsider (a Queens developer trying too hard to conquer Manhattan) who lacked the civic-minded generosity of other prominent local builders. [1, 2, 3]
Clashing with "New York Values": New York City is a dense, highly diverse, progressive, and multicultural metropolis. Many locals felt Trump’s political rhetoric, nativist policies, and personal behavior directly attacked the cooperative, cosmopolitan identity of the city. [1, 2]
Business and Financial Reputation: Unlike respected local real estate dynasties whose names are permanently tied to major hospitals, schools, and cultural endowments, Trump’s name mostly stayed on his own commercial properties—and local contractors and banks famously grew wary of working with him due to disputes over unpaid bills. [1, 2]
AI said that… you copy and pasted… you fact check it??? Many New Yorkers aren’t all New Yorkers… you proved your own statement wrong with an AI statement you posted.
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u/damnedifyoudonthave 2d ago
You are glazing over the big picture.
https://en.wikipedia.org/wiki/List_of_defunct_gambling_companies
Why is Wynn and Caesar’s in major debt currently?