The Bankruptcies Behind Trump’s ‘King of Debt’ Claim

Oct. 31, 2016, 5:27 PM

“I’m the king of debt,” Donald J. Trump said in a May 4 CNN interview.

He said it again in an interview aired June 22 on CBS This Morning: “I’m the king of debt. I’m great with debt. Nobody knows debt better than me. I’ve made a fortune by using debt. And if things don’t work out I renegotiate the debt.”

Trump has made clear that he frequently used the U.S. Bankruptcy Code as a business tool—primarily Chapter 11, which allows companies (or individuals) to enjoy protections from creditors while they seek to reorganize their debt or liquidate pursuant ...

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