For Donald Trump, it would not be seven times a charm. His first six bankruptcies all took place before he went into politics.
Most of these occurred in two phases: in the early 1990s after he had over-extended on a clutch of Atlantic City casinos, then on various properties before and after the 2008 crash. America’s Chapter 11 bankruptcy protection got him out of trouble.
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Financial Times
Edward Luce is the Washington columnist and commentator for the Financial Times. He writes about American politics and the economy.
