The Trump-Branded Puerto Rico Golf Bankruptcy

2015-07-13

unresolved

Promised: 2015-06-16Trump presented his business record as a qualification for the presidency during his campaign launch.Open cited record · 1 source
The record: 2015-07-13Coco Beach Golf & Country Club filed a Chapter 11 petition while operating under the Trump brand through a licensing arrangement.Open cited record · 2 sources2015-07-13Contemporaneous reporting described the petition's reported asset and liability ranges and noted that Trump did not own the resort.Open cited record · 1 source
Who gained: Trump branding and licensing business
Who paid: Coco Beach Golf & Country Club S.E.
Audit finding: unresolved
The bankruptcy is a documented failure of a Trump-branded licensee, but the cited evidence does not make Trump or the Trump Organization the debtor or transfer the debtor's liabilities to them.
Causal strength: documented mechanism

Evidence chronology

promise2015-06-16documented
Trump presented his business record as a qualification for the presidency during his campaign launch.
- Roll Call Factbase: Donald Trump Vlog: Self Funding2016-01-27 · Full transcript; statement that the campaign was totally self-funded
Open underlying ledger entry
action2015-07-13documented
Coco Beach Golf & Country Club filed a Chapter 11 petition while operating under the Trump brand through a licensing arrangement.
- TIME: Trump-branded Golf Club in Puerto Rico Files for Bankruptcy2015-07-13 · Petition date, reported assets and liabilities, and licensing limitation
- U.S. District Court for the District of Puerto Rico via GovInfo: Muñoz-Mendoza v. Puerto Rico Tourism Company2021-09-30 · Background describing Coco Beach Golf & Country Club's 2015 Chapter 11 petition
Open underlying ledger entry
outcome2015-07-13reported
Contemporaneous reporting described the petition's reported asset and liability ranges and noted that Trump did not own the resort.
- TIME: Trump-branded Golf Club in Puerto Rico Files for Bankruptcy2015-07-13 · Petition date, reported assets and liabilities, and licensing limitation
Open underlying ledger entry
limitation2015-07-13reported
The supported Trump-root edge is licensing and branding, not ownership of the bankrupt debtor.
- TIME: Trump-branded Golf Club in Puerto Rico Files for Bankruptcy2015-07-13 · Petition date, reported assets and liabilities, and licensing limitation
Open underlying ledger entry

limitation
The supported Trump-root edge is licensing and branding, not ownership of the bankrupt debtor.