Although Trump has never filed for personal bankruptcy , he has reportedly filed for business bankruptcy at least four times. Contact him today to help you explore your legal options so that you can move on with your life and make a fresh financial start.{/INSERTKEYS}{/PARAGRAPH} The right attorney can help you look into filing and guide you through the bankruptcy process in New Jersey or Pennsylvania. Like Trump in , , and , you may be considering filing for bankruptcy due to circumstances largely beyond your control. Chapter 11 bankruptcy allows a financially struggling business to reorganize in order to keep going. Joel R. {PARAGRAPH}{INSERTKEYS}Skip to main content. Trump responded to the criticism by arguing that businesses often have to file for bankruptcy and that filing for bankruptcy was a financially sound move each time he did it. In fact, it can often be said that a Chapter 11 bankruptcy is in the best interests of the business and in no way a reflection of a poorly run company. A Chapter 11 filing can potentially enable a business owner to avoid liquidating the company. Spivack Esq. Each time, the bankruptcy was a Chapter 11 filing. While Chapter 7 and Chapter 13 bankruptcy deal with personal bankruptcies, Chapter 11 is most often used by businesses filing for bankruptcy.