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Politics : The Trump Presidency -- Ignore unavailable to you. Want to Upgrade?

To: bentway who wrote (71063)	5/10/2018 11:18:24 PM
From: i-node	Read Replies (1) \| Respond to of 364781

>>It indicates poor planning and failure. Six times. I’ve heard of four. I’ve worked with bankruptcies that failed because of mismanagement. And I’ve worked with them that were a result of circumstances beyond managemnet's control. No idea which is more common. Sometimes it is because of too much debt, others it is because revenue didn’t materialize. I worked with a rehabbed historic hotel once that was 25million in the hole after three months of operations. I don’t think they rented 100 rooms the entire time they were open. The partners were all but one highly experienced real estate lawyers and I had to tell them they had all been fucked by the guy they hired to do the rehab then run the place. You can’t just paint with a broad brush. You have to look at individual circumstances.