@gorillapaws Rather than answering a question that doesn’t really matter to his voters, I will say that he was elected because he wasn’t an establishment politician.
But for the record we’ll use Apple as one example of how bankruptcy isn’t always a negative for a business.
Apple shares opened the first day of 2019 trading at $154.89 a share, down about 2 percent, but recovered to close slightly positive.
https://www.cnbc.com/2019/01/02/these-are-the-three-big-questions-facing-apple-in-2019-analyst-says.html
The Bottom Line
Bankruptcy is often the end of a company, but it doesn’t have to be in every case. The companies in the list above have re-emerged from bankruptcy to become profitable and successful. As an investor, it is useful to note that bankruptcy isn’t always the end of the line for a company, and that through buying shares of companies as they emerge from bankruptcy, reorganization can be a potential source of excess returns.
The final possibility Daryanani explored is how Apple shares’ recent fall in price could “cause the company to rethink or tweak capital allocation,” he said. Apple could increase its dividend, Daryanani said, or even make “a stronger case for M&A” thanks to “more amenable” market valuations.
https://www.investopedia.com/articles/personal-finance/051115/7-bankrupt-companies-came-back.asp