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Business Law

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Before he was President of the United States, President Donald Trump was a successful businessman and wealthy entrepreneur. Read this article from Forbes (Links to an external site.)Links to an external site. magazine and find out how declaring bankruptcy has helped his real estate business out of some difficult situations at least four (4) different times. In an original 250+ discuss this article with your classmates. The bankruptcy process was protected by our Constitution because the founders wanted entrepreneurs to be willing to take chances without the fear of losing everything should their business fail to perform. Is this what is happening with respect to Donald Trump? Do you think his business would have failed had he not filed for bankruptcy? Should there be a limit on how many times a person may file for bankruptcy protection? If so, what should it be?

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