Question

I'm doing this research project for U.S history on Donald Trump, and i need to include challenges he has faced in his life, can anyone help me?

Answer 1

One he faced were such as bankruptcy which the bankruptcy court ultimately approves a corporate budget and a plan to repay remaining debts often shareholders lose much of their equity.

Answer 2

Hi!

1.Trump faced bankruptcy when he was unable to make massive loan payments of over $2 billion. He had regularly convinced financial institutions that his name raised the worth of his assets, so they could ignore their usual lending and collateral guidelines. At that point, however, the market was contracting, and banks were not eager to agree to his demands and invest in what was then considered risky.

2.Trump lost control of some of his real estate to creditor banks and was forced to trade part of his empire to restructure debts. Although he secured emergency financing, his worth was reduced from an estimated $1.7 billion to $500 million. Perhaps worse, Trump's expertise was questioned. Trump found this uncertain period a challenge.

Hope it helps and have a wonderful day!