He’d apparently rather have his assets seized by the New York attorney general.
He can use the footage of the sheriffs locking up his properties during the seizures to fund raise. It doesn't hit the same if he declares bankruptcy for the 7th time in his life.
The problem is I think they have been bled dry. They had some savings and assets, but the last few years they have been cashing them in to go to rally's and donate to Trump, expecting to get it back 10x return.
It's gonna be ugly when reality hits them, and that's why this is going to be so dangerous and most likely turn violent. Hopefully the violence can be contained , but many of his supporters simply won't accept reality that he is unpopular outside of their make believe world.