Speaking of which... can bankruptcy ever be good business for some people?People like that are very common. Every community has them and even most families.
For me growing up it was one of our local big time farmers that everyone kissed up to since they were 'so rich'.
Well the truth was they had a lot of stuff but when grandpa files bankruptcy about the same time son 2 becomes a pro bankruptcy lawyer (No connection really!) and son 1 takes over only to file about ten years later, passing things onto son 3 who does it again passing things to son 4 (Still all coincidental that one family member is a bankruptcy lawyer) and eventually thing go down again and grandsons XYZ take over........
Yea you can accumulate a pile of farmland and equipment if you have enough bankruptcies planed into your long term game set at just the right spacings.
I'm not kidding you, I'm totally naïve in the subject... The conundrums of American law are a complete mystery for me. I mean, if Mr Trump has done it in the past, then there has to be some sort of profit from it!