"does not guarantee that a Device will be produced or made available for purchase." . Isn't that what the purpose of a deposit is? Reports are roughly 600,000 people placed deposits! They made $60 Million off this. He has mastered the art of making his cult believe that they are not the low IQ individuals he often speaks of.
of most states, deposits of $60,000,000 are booked as a liability, not an asset, so I don't know how you can conclude that Trump "made" $60 million off this. Consumers are protected against losing their deposits if a company never opens their doors.
My guess is they're banking on the MAGA cult to keep waiting and never request a deposits or request a deposit and go through all types of bullshit just to get said deposit back. My guess is that a very large portion of those people will do the former. I don't think the folks that invested in Trump Steaks, or Trump University ever got their monies back either.
Don't do "layaway" sales anymore where they hold the merchandise while the customer makes payments on it. If the seller goes bankrupt, the layaway customers are treated as unsecured creditors, and the money goes to pay secured creditors first in accordance with Federal Bankruptcy Rules. Only after all secured creditors are paid do unsecureds have the POTENTIAL to get anything at all back. If it's a reorganization (Chapter 11), it's likely to beno more than 30 cents on the dollar, and often much less. If it's a liquidation (Chapter 7) they usually get nothing.
After I just bitch-slapped you on your deposit claim being money that Trump "made," before you put your foot in your mouth again, why not look up the bankruptcy filings of Trump Steaks and Trump University before making a "guess." Bankruptcies, like all court case files that are not under seal for some reason, are public records and subject to FOIA requests.
...but I want to impress everyone with my supposed knowledge of bankruptcy law." (probably because COEUR-DE-CHAPON has declared bankruptcy as many times as Trump)
BigP: "And what if Trump Mobile goes bankrupt? MAGA morons will be lucky to get back ten cents on the dollar." COEUR-DE-CHAPON: "(Chapter 11), it's likely to beno more than 30 cents on the dollar, and OFTEN MUCH LESS." "(Chapter 7) they usually get nothing."
What did I say that was wrong? I have been a creditor in many bankruptcies, so I know precisely how they work, and I did not say I agreed with everything you said. In fact, how much maga morons get back depends on what chapter the bankruptcy is filed under. You repeated it yourself but apparently didn't understand what it means. This often happens to you when you look up and parrot something you are not familiar with. You copy what was written but the context is not accurate.
...to use he rump name. You can be it will be substantial. Don Jr. and Eric are officers of the company and are probably frequently on duty. They're probably getting exorbitant salaries. I wouldn't be surprised if it ends up as a "bust-out."
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