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Trump: ‘I Have Taken Advantage’ of U.S. Bankruptcy Laws

Republican presidential candidate Donald Trump says he has never personally gone bankrupt, but has used bankruptcy laws to his advantage, in comments at Fox News’ debate among top 10 GOP presidential candidates.

  • While defending his business acumen, says “on 4 occasions I have taken advantage of the laws of the country” when asked about use of bankruptcy laws for some of his businesses
    • Says lenders are “not sweet people;” that he “had the good sense to leave Atlantic City,” where gaming industry has struggled
  • NOTE: Trump says he has $10b net worth