• pivot_root@lemmy.world
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    15 hours ago

    That doesn’t work. The hardcore Trump supporters think bankruptcy is a genius life hack to get out from having to repay debts.

    They actually believe it’s smart to borrow money, hide them in other businesses and personal accounts, then declare bankruptcy to keep the money. To the rest of the world, that’s called “embezzlement.”

    • NotMyOldRedditName@lemmy.world
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      15 hours ago

      Don’t forget the inflate the value of your assets so you can borrow even more money, but declare them as a lesser value on your taxes.