Except that repeated (Corporate) bankrupsies is part of his business model. He hides the embezzled money, runs up a debt, then declares Chapter 11. Then, the debts are absolved, the company is dissolved, and he can bring the profits back to accrue Interest at a high corporate (With another temporary company) rate. Rob Peter, hide the money, then declare Chapter 11 so you never have to pay Paul.
Rinse, repeat... Hes done this at least 5 times. (There's some debate over exactly how many times, but more than the 3 it takes to derive a pattern of behavior.) It's exactly how he's running the Executive branch, into the ground. All he needs is a massive interstate real estate project to embezzle from, through his subsidiaries. Like say developing a strip of land stretching from Brownsville to Tijuana.