I'm sure as a successful business man he would try to maximize revenue to the government by raising taxes in the same way a business owner would try to maximize their sales.
Why would you give up the business entirely when it's possible to restructure your debt and keep the business open? Chapter 7 only makes sense in extreme cases. It's not like this is personal debt where there's nothing to gain by paying back the loans.
The not raising taxes is the only part of his speech that i have questions about . I thought along the same lines as you posted when I read the article .
I did some reading about his Casino Companies and the Chapter 11 bankruptcy deal .
How Does Trump repeatedly file for Bankruptcy and still stay on top?
And then went and read about the difference between Chapter 11 and Chapter 7 Bankruptcy .
What I mean about it tells alot about his character is he didn't just 'cut and run' but stuck with it until his debts were paid. He didn't take the easy way out.
Chapter 11 is probably the most flexible of all the chapters, and as such, it is the hardest to generalize about. Its flexibility makes it generally more expensive to the debtor. The rate of successful Chapter 11 reorganizations is depressingly low, sometimes estimated at 10% or less.
I should have mentioned that if he were to run for the office of president he's got my vote.