The news of a New York judge throwing out Rudy Giuliani’s bankruptcy case has been met with mixed reactions, but for me, it brings a sense of justice finally being served. It is, after all, a rare occurrence for a bankruptcy case to be entirely thrown out, hinting at potential wrongdoing on Giuliani’s part that the court did not appreciate. This decision could pave the way for decimation cases by two Georgia election workers to seize his assets. It is heartening to see that even high-profile figures like Giuliani are not above the law.
Giuliani’s trajectory from being hired as Trump’s personal attorney to being stiffed on legal fees and ultimately facing the dismissal of his bankruptcy case is a cautionary tale.… Continue reading
Red Lobster, a once beloved seafood chain, has recently filed for bankruptcy. Many have been quick to point fingers at the infamous “endless shrimp” promotion as the culprit, but the reality is far more complex. Private equity firms, known for their ruthless tactics, swooped in and acquired Red Lobster, saddling the company with an insurmountable amount of debt. These investors extracted every last penny from the business, leaving it in shambles before moving on to their next target.
It’s disheartening to see a restaurant that was once a go-to spot for special occasions or romantic dinners fall from grace in such a drastic manner.… Continue reading
I woke up to some devastating news this morning. The 99 Cents Only stores are closing all 371 of their locations, and they have already started their liquidation sales. The worst part about this whole situation is how the employees were informed about the closures – just moments before the stores opened for the day. Not only that, but they were also told that they wouldn’t be receiving their severance pay and that if they didn’t continue to work until the store’s closure, they wouldn’t be eligible for unemployment. It’s truly heartbreaking to see these hardworking individuals treated in such a callous manner.… Continue reading
Let’s talk about Trump’s recent struggles with trying to secure a bond for a $464 million judgment. The man who claims to be a billionaire, who flaunted his so-called wealth and assets, is now unable to come up with half a billion dollars to post as a bond. The irony is thick here. This is the guy who famously never pays his debts, the guy who has a history of stiffing partners and vendors. And now, when push comes to shove, when faced with a judgment against him, he’s scrambling to find someone, anyone, to front the money for him.
What does this inability to secure a bond say about Trump’s financial standing?… Continue reading
Is Donald Trump About to Go Bankrupt? That seems to be the burning question on everyone’s mind these days. The man who claims to be a billionaire is now facing the harsh reality of not having enough funds to cover a bond related to a judgment against him. It’s almost poetic justice, isn’t it? Trump, who built his entire brand on being a successful businessman, is now on the brink of financial collapse. And the irony of it all seems to be lost on him.
From what I can gather, Trump’s financial situation is more precarious than he lets on. Despite his claims of vast wealth, it appears that most of his real estate holdings are heavily leveraged as collateral for other debts.… Continue reading
John Q. Hosedrinker