It`s not all BS. Going bankrupt is an option to restructure under a management company to form a positive cash flow and pay off debt/fees/fines.. and regain your business over time, or the option to close, settle/sell-off., which will stiff your vendors and depending on their size, is linked to their payroll. The business owners personal bank accounts are not in play, only the business valued and bank accounts. Either we go to long cashier lines or vendors will offer credit lines.
And being bankrupt multiple times and still in business can`t be compared to failed career politicians. As President, he will have a treasury, and a Congress to share blames with.