Trumps Business Success Rate Compared to Bankruptcy Rate Debunked

Trump himself fared well through the bankruptcy. He kept a $2 million annual salary after the · company emerged from bankruptcy and took in more than $44 million in compensation over the · course of the 14 years he served as chairman of THCR. “I don’t think it’s a failure,” he said ...

In 2004, the year Trump took home a $1.5 million salary, stock-exchange officials froze trading · in the company — and, later, delisted it entirely — as word spread that it was filing for bankruptcy ... “I don’t think it’s a failure. It’s a success,” Trump said in 2004 about the bankruptcy.

Trump’s companies have filed for Chapter 11 bankruptcy protection, which means a company can remain in business while wiping away many of its debts.

Like Fiorina, he insists context ... of the many business deals he's done. ... Trump has touted his success as a businessman as his chief qualification for the Oval Office....

“They all seem to end at Chapter 11. He bankrupted his companies, not once, not twice, but four times.” · She was recycling a battle cry that many of Trump’s rivals used against him during the GOP primary.

Many of the United States' largest ... Macy's, and the Texas Rangers baseball team. Conversely, the absence of bankruptcy declarations is not an indicator of success, as many businesses fail without going through bankruptcy ...

"He bankrupted his companies not once, not twice, but four times." We rated a similarly worded claim from Trump’s former primary rival Carly Fiorina Mostly True, because it’s not accurate to say Trump is solely to blame.

Trump knew that it would be a freezing day in August before his own plan could ever win approval and, like any skillful politician, he jumped on the opposition bandwagon so deftly that he made it look like his own." The Taj Mahal emerged from bankruptcy on October 5, 1991, with Trump ceding 50% ownership in the casino to the bondholders in exchange for lowered interest rates and more time to pay off the debt.

In fact, it can often be said that a Chapter 11 bankruptcy is in the best interests of the business and in no way a reflection of a poorly run company. PolitiFact took a look at all four of Trump’s Chapter 11 bankruptcies and determined that they were a result of business struggles largely beyond the billionaire-turned-presidential-candidate’s control.