Quote Originally Posted by Gilrandir View Post
Is it true that he announced himself bankrupt 3 times?
He personally did not, though reputedly came very close [a group of creditors chose to let him continue hawking his Trump brand rather than forcing him to bankruptcy and getting only 20% back....Trump rebounded].

Several of his companies have filed for bankruptcy. However, given the bankruptcy laws, one could argue that this was smart business decision making. Above the 'mom-and-pop' store level, most bankruptcies really aren't of the "we are out of business and headed to debtor's prison" variety that is most folks conception of bankruptcy.