Plaza Hotel debt restructuring

What happened

1. promise2015-08-06documented

   Trump said corporate bankruptcy law had produced advantageous outcomes for his companies, himself, employees, and family.

   • The American Presidency Project: Republican Candidates Debate in Cleveland, Ohio2015-08-06 · Exchange about Trump-controlled companies' bankruptcy filings
   Read full record
2. action1992-11-02documented

   The Plaza Hotel filed for Chapter 11 protection under a lender-backed restructuring plan.

   • United Press International: Plaza Hotel files for bankruptcy protection under Trump plan1992-11-04 · Filing date, lender control, debt, and ownership terms
   • U.S. Securities and Exchange Commission: Trump Media & Technology Group Form 424B42024-02-16 · Risk factors describing outcomes of earlier Trump-branded ventures
   Read full record
3. affected group1992-11-02reported

   Lenders gained control and Trump's ownership was reduced while the hotel continued operating.

   • United Press International: Plaza Hotel files for bankruptcy protection under Trump plan1992-11-04 · Filing date, lender control, debt, and ownership terms
   Read full record
4. limitation1992-11-04documented

   The filing did not close the hotel and did not constitute Trump's personal bankruptcy.

   • United Press International: Plaza Hotel files for bankruptcy protection under Trump plan1992-11-04 · Filing date, lender control, debt, and ownership terms
   • The American Presidency Project: Republican Candidates Debate in Cleveland, Ohio2015-08-06 · Exchange about Trump-controlled companies' bankruptcy filings
   Read full record

People and organizations

• Plaza Hotel employeesaffected party
• Plaza Hotel lendersbeneficiary