Bankruptcy


Declare Bankruptcy

Donald Trump comes across as a pathetic blowhard with self esteem problems, but in light of that pathetic little character flaw I really believe that there’s too much being made about Donald Trump’s bankruptcies.  The reason I say this is because bankruptcy claims are filed by millions of you cattle every year, and some of you have filed more than once over a ten to twenty year period, so you really have no stones to throw at the poor guy.  

The website USCOURTS.GOV posted an article about this very topic in April 2015.  They even published a handy little chart to show the number of business and non-business bankruptcy filings over a five year period and the numbers are quite pathetic.  

BUSINESS AND NON-BUSINESS FILINGS YEARS ENDING MARCH 31, 2011-2015
Year Business Non-business Total
2015 26,130 884,956 911,086
2014 31,671 1,006,609 1,038,280
2013 37,552 1,132,772 1,170,324
2012 46,393 1,320,613 1,367,006
2011 54,212 1,516,971 1,571,183
TOTAL BANKRUPTCY FILINGS BY BANKRUPTCY CHAPTER YEARS ENDING MARCH 31, 2011-2015
Year Chapter
7 11 12 13
2015 596,867 7,053 354 306,729
2014 699,982 8,564 388 329,256
2013 804,885 9,811 463 355,081
2012 958,757 11,339 606 396,175
2011 1,118,481 13,051 743 438,788

Another website, Debt.org, posted their own statistics regarding annual debt and bankruptcy claims for 2011.  

In that article it’s mentioned that “8 percent of those who file for bankruptcy have filed at least once before. These repeat filers are responsible for 16 percent of all bankruptcy cases.” And that “Roughly equal numbers of men and women file bankruptcy, with a ratio of 48-to-52. Over the last few years, the gap has been shrinking.”

They also mention that the 2011 study also found that 60 percent of bankruptcy filers have salaries of less than $30,000.  This reflected a decrease from about 66 percent four years earlier.  However, over the same period, an increasing percentage of filers reported making more than $60,000 annually.  This demographic grew from comprising 5.5 percent to 9.2 percent.

The point here is that in today’s world, bankruptcy is as common place as getting a tattoo, popping antidepressants, gambling and wiping after you take a crap.  Interesting little tidbit of information here is that bankruptcy happens in every state in the union and by all different classes of people.  Also, the last time I checked bankruptcy is not a criminal act.  At least not as criminal as, oh, I dunno know…let’s say…moving classified and highly sensitive government emails to your public server after signing a classified document accountability record and then having your personal server breached by a hacker where said classified and highly sensitive emails were compromised which may have caused a national security issue and the loss of American lives. . . . . . 

Fox_fingerpoints

Sadly, the journalistic lack of integrity machine is trying to find something to hang over The Don’s head to divert the attention from Hillarious “I have a Rod and Ham shoved up my butt” Clinton’s email server scandal; which, if you know anything about government secrecy, is way more criminal than filing multiple bankruptcy claims.  

Please don’t misunderstand, I am not saying that I support Donald Trump.   Far from it.  I think the guy is a pathetic douche nozzle and only wants to be president of the USA because he has an ulterior motive that no one knows about but him.  However, I do think it’s pathetic that the only thing people seem to be harping on about The Don is the numerous bankruptcy claims when bankruptcy really isn’t that bad.  

Also, in my pathetic opinion I believe that BOTH candidates are crude, disrespectful, unsavory, contemptible, lovers of money, lovers of self, lovers of power, egotistic, self-centered, liars who just happen to be the perfect example of 99 percent of America. 

But who am I to throw stones?  

Trying to make a bankruptcy claim sound more criminal than it really is . . . Pathetic! 

Bankruptcy

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Herd Mooings

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