Then there are the failed businesses that were neverbsupposed to succeed because they were fraud from the inception, like Trump University. They announced it and promoted it, and signed up students, who took out student loans ffrom the government and sent them to thebadmissions department.

Then it turned out that they never bought/ rented a single building, hired no teachers, never created a curriculum, etc. They didn’t do one thing to create a school except sign up students and take their student loan money. It didn’t go bankrupt, it never existed, but they sold it anyway.