javslon.com adultload.ws amateur sex mobile


farmakosha.com xxx sex free

Ron Takes On Black Fatty Classic Fisting Swiss Sex Humiliation Cuck Gimp Part 1 Hot Teen Cam Striptease My Older Cousins Sleepy Feet

How to open a Franchise Ebook


Franchising Find Your Perfect Fit ~ By: Steve Marr
Today, franchising has evolved into many business opportunities. A franchise offers a pathway to success for thousands of business owners. Perhaps this includes you. Get this free book now! Click Here>>

About Steve Marr

Steve has learned from 40 years of business experience that God's way works. As an author, speaker, radio host, and business consultant...

Contact Steve | Learn More


Steve’s Business Proverbs reveal

How to Succeed in Business

God's Way

Hire Steve to Consult your Business >

Steve Marr Blog

Steve Marr's contributions

Apr 07

Donald Trump Sees Bankruptcy as a Plus for Him

Posted by: Steve Marr

Tagged in: Untagged 

The gambling empire led by Donald Trump, Trump Hotels, and Casino Resorts, has been struggling for years under a mountain of debt and the pressure from stronger competitors.


In an effort to deal with the $1.8 billion in debt, a proposed restructuring bankruptcy deal is in the works. While the entire plan is very complex, here are several important points to know:

Many of the bondholders will be required to reduce interest payments from 12% to 7.875%
Some of the bondholders will be required to convert a portion of the debt to stock and a portion of the debt will be written off. In short, bondholders will receive less than agreed upon when the money was loaned, much less!

Donald Trump was quoted by the Now York Daily News as "really happy" with the restructuring agreement and sees no shame in placing the company in bankruptcy. "It doesn't matter," he said, "It's a modern day thing, a legal mechanism."

While Trump will have his personal ownership reduced from 56% to 25%, he will continue to receive a salary of $2 million per year, plus other lucrative benefits.

Bondholders stand to lose hundreds of millions of dollars on the restructuring deal, while Trump gets to keep a large piece of the equity? To Trump, that's just business. However, the words of King David sound like they were written for today, "The wicked borrows and does not pay back" (Psalm 37:21 NASB).

An unfortunate reality today is that many business owners and leaders use bankruptcy laws to maintain their position at the expense of the creditors. Trump could have reduced his stake to zero and forgone a salary to give the most back to the legitimate creditors, but as quoted, he's "really happy." Bondholders are not so happy.

When watching Trump on TV or reading about him, remember that while millions of Americans lose hundreds of millions of dollars in their personal investments and pension plans, Trump continues to collect $2 million a year while declaring "bankruptcy." It just doesn't add up.

Steve Marr, Your Christian Business Coach

Comments (0)add comment

Write comment