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Has anyone here studied business at a University? #6573229
07/13/19 01:59 PM
07/13/19 01:59 PM
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Gary Benson Offline OP
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I've read or heard that Universities teach that filing bankruptcy is an acceptable way to move up in the business world. Just wondering if this is really true, or not?
If it's true, then I wonder why LIberals slam President Trump for filing bankruptcy years ago.?


Life ain't supposed to be easy.
Re: Has anyone here studied business at a University? [Re: Gary Benson] #6573238
07/13/19 02:29 PM
07/13/19 02:29 PM
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Firth, Nebraska
jabNE Offline
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I do not recall that taught in any business classes I took.
Jim


Money cannot buy you happiness, but it can buy you a trapping license and that's pretty close.
Re: Has anyone here studied business at a University? [Re: Gary Benson] #6573241
07/13/19 02:34 PM
07/13/19 02:34 PM
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Beatrice, NE
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loosegoose Offline
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Liberals will slam trump for absolutely anything. he could cure cancer and they'd whine that chemo doctors are out of a job. He could save a woman from drowning and all you'd hear about is how he didn't ask for consent before giving mouth to mouth.

Everyone knows he's not my favorite guy, but I'll be the first to say he's treated unfairly and hypocritically by the media and the left. Criticism where criticism is due is one thing, but the left and the media go far, far beyond that.

As far as bankruptcy, I have no idea, it doesn't seem like a good thing, but again I have no clue.

Last edited by loosegoose; 07/13/19 02:35 PM.
Re: Has anyone here studied business at a University? [Re: jabNE] #6573244
07/13/19 02:42 PM
07/13/19 02:42 PM
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Three Lakes,WI 72
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Originally Posted by jabNE
I do not recall that taught in any business classes I took.
Jim

I have a BBA. My wife has an MBA. We agree with JabNE. This was in the early 70's. Maybe things have changed with the shift from individual responsibility to "You didn't build that" but I doubt it, or at least I hope not.

Re: Has anyone here studied business at a University? [Re: Gary Benson] #6573247
07/13/19 02:48 PM
07/13/19 02:48 PM
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Foxpaw Offline
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Seems I remember they taught a lot on good will and actually taught to avoid bankruptcy. However they did teach the artful form of incorporating to avoid some pitfalls and to keep your self free. The old teacher actually used a corporation I had here in Illinois as kind of a model, not my business but the paper work and filing all the junk. First mistake was filing in Illinois. So I wouldn't say he taught bankruptcy so much as a plan but to hedge your self or an insurance to keep the vultures away from the old homestead should things go sour. It was a college credited class, the teacher was a higher up in Joy Mining Machinery.

Last edited by Foxpaw; 07/13/19 02:51 PM. Reason: Didn't take spelling though
Re: Has anyone here studied business at a University? [Re: Gary Benson] #6573248
07/13/19 03:03 PM
07/13/19 03:03 PM
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Champaign County, Ohio.
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I saw this post and afterwards talked to my brother who has a doctorate in medicine and a MBA and my brother in law who is in his second year of getting a MBA, about our genealogy and asked if they were taught that filing bankruptcy was an accepted way to move forward in business and they said no.

Keith

Re: Has anyone here studied business at a University? [Re: Gary Benson] #6573253
07/13/19 03:14 PM
07/13/19 03:14 PM
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Fair enough. Thank you.


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Re: Has anyone here studied business at a University? [Re: Gary Benson] #6573293
07/13/19 04:29 PM
07/13/19 04:29 PM
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gryhkl Offline
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Originally Posted by Gary Benson
I've read or heard that Universities teach that filing bankruptcy is an acceptable way to move up in the business world.


Fake news. Trump and many others have used it that way though

Re: Has anyone here studied business at a University? [Re: Gary Benson] #6573294
07/13/19 04:30 PM
07/13/19 04:30 PM
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Sandhills Nebraska
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Gary Benson Offline OP
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laugh I was waiting for that! Wah..


Life ain't supposed to be easy.
Re: Has anyone here studied business at a University? [Re: Gary Benson] #6573295
07/13/19 04:34 PM
07/13/19 04:34 PM
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Gary Benson Offline OP
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I guess it's no worse than giving billions/trillions to illegals.


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Re: Has anyone here studied business at a University? [Re: Gary Benson] #6573299
07/13/19 04:39 PM
07/13/19 04:39 PM
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gryhkl Offline
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Again the, "No worse than the dems.".....pretty low bar to set, don't you think?

Re: Has anyone here studied business at a University? [Re: Gary Benson] #6573300
07/13/19 04:41 PM
07/13/19 04:41 PM
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Sandhills Nebraska
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Gary Benson Offline OP
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Well, you tell me....


Life ain't supposed to be easy.
Re: Has anyone here studied business at a University? [Re: Gary Benson] #6573301
07/13/19 04:42 PM
07/13/19 04:42 PM
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Sandhills Nebraska
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Gary Benson Offline OP
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"I inherited this mess." Who started all this crap???


Life ain't supposed to be easy.
Re: Has anyone here studied business at a University? [Re: Gary Benson] #6573305
07/13/19 04:50 PM
07/13/19 04:50 PM
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I don't think anyone who declares bankruptcy should ever be free of the debt, It should be treated just as college loans are now.

Re: Has anyone here studied business at a University? [Re: Gary Benson] #6573311
07/13/19 05:04 PM
07/13/19 05:04 PM
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Foxpaw Offline
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Knew a guy that took bankruptcy and in less than six months was back in business and was borrowing money. He had to have collateral, so he put up house and vehicles plus just about all he owned, for a 5 year loan. Hadn't learned much about wasting money. Since he had already filed for bankruptcy once he couldn't get out of that mess so had to sell all to get out. One of his projects was a package store and a heating and cooling business with a partner he didn't even know. Each accused the other of stealing out of the til. I think they was just drinking the profits and possibly making a few bad decisions.

Re: Has anyone here studied business at a University? [Re: Gary Benson] #6573315
07/13/19 05:14 PM
07/13/19 05:14 PM
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They hide under corporations. Incorporated. There are many chapters to bankruptcy. I worked for a company that filed many times under different owners until they reached the results they needed. Not my idea of doing things. But well within the law.

Re: Has anyone here studied business at a University? [Re: Gary Benson] #6573318
07/13/19 05:22 PM
07/13/19 05:22 PM
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I know some like that as well. It can actually improve one's credit score.
One of my high school classmates filed after doing business wrong the first time, and now owns an executive travel agency and many new businesses and built a new mansion in a city. If at first you don't succeed, try, try again.
I've heard Walt Disney also filed a few times before he got it right.


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Re: Has anyone here studied business at a University? [Re: Gary Benson] #6573329
07/13/19 05:36 PM
07/13/19 05:36 PM
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Gary Benson Offline OP
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[Linked Image]


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Re: Has anyone here studied business at a University? [Re: Gary Benson] #6573344
07/13/19 06:11 PM
07/13/19 06:11 PM
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Southern Illinois
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Foxpaw Offline
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One of the big traps after bankruptcy is getting sick and big hospital bills or being sued for an accident and no insurance, and big fines or the IRS.

Debtors prison may be the new thing again.

Re: Has anyone here studied business at a University? [Re: Gary Benson] #6573373
07/13/19 07:50 PM
07/13/19 07:50 PM
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SE Iowa
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I have a BBA, although I graduated in 1985. I don't recall any references to bankruptcy as a strategy to pursue, etc.

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