Sighs...I didn't say the he is (currently) bankrupt, just that he has been 4 times in the past.
ABC News reports that Trump businesses have actually gone through Chapter 11 bankruptcy four times - in 1991, 1992, 2004 and most recently in 2009. So like many other companies, Trump's businesses have had their ups and downs over the past couple decades.
The first time a Donald Trump business declared bankruptcy was in 1991 when his Atlantic City casino, the Taj Mahal, was in billions of dollars of debt. After a trip to bankruptcy court, Trump was eventually able to reorganize the company's debts and make a financial comeback after developing a budget.
The three other bankruptcies also involved the reorganization of debts and complying with a court-approved reorganization plan. Bankers stepped in and even put Trump on a monthly budget for a while
