trust because he owes more than he owns.

first, can ownership be transferred away from toxic trump;

second, can the assets be liquidated.


toxic trump could sell his interest in the 500 llcs into a blind trust. he would own the blind trust, so there's nothing wrong with transferring all 500 for $1, whether the stuff is collectively worth billions, nothing, or far less than zero. then it's the trustee's problem to see what assets are salvageable, need to be sold at pennies on the dollar, or could legitimately be sold for a profit.

toxic trump (ab)uses bankruptcy laws to protect himself. he makes high-stakes gambles. his losses are limited when he loses due because a losing llc can just go bankrupt, leaving the rest of toxic trump's finances unaffected. but the profits are unlimited. so the fact that "most" of his llc's are underwater doesn't say much. if he's made enough on the few that are successful, that could more than cover the limited losses. or not. we can't tell given the lack of transparency.


that said, the whole business seems to be set up like someone who's always borrowing from peter to pay paul, always needing a new deal to settle an old deal; and if the music ever stopped, it would all come crumbling down.

the living large, and exaggerated bragging is part of this. obviously suits his massive ego and insecurities, but his constant efforts to buff his image of a successful businessman is necessary to get people to want to partner with and/or lend to him.