Some people associate business bankruptcy with failure, but this is far from the truth. Donald Trump's net worth has been reported as somewhere between $4.1 billion and $8.7 billion which is hardly a sign of a failure. Yet, Trump, who has never filed for personal bankruptcy, has seen four of his business ventures file for business bankruptcy.
The Chapter 11 filings allowed the billionaire to engage in business debt negotiations that resulted in new, more favorable terms being worked out with creditors. Whatever concessions Trump was forced to make does not appear to have hurt his personal wealth, and the companies involved in each business bankruptcy underwent a business reorganization that allowed them to continue operating.