Taj Mahal 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. action1991-07-16documented

   Trump Taj Mahal Associates filed for Chapter 11 protection under a negotiated restructuring plan.

   • U.S. Bankruptcy Court for the District of New Jersey via CaseMine: In re Trump Taj Mahal Associates1993-10-20 · Bankruptcy filing date, plan, and case history
   • The Washington Post: Trump's bad bet: How too much debt drove his biggest casino aground2016-01-18 · Financing, analyst warning, contractors, bankruptcy, and bondholders
   • The New York Times via U.S. House Judiciary Committee record: How Donald Trump Bankrupted His Atlantic City Casinos, but Still Earned Millions2016-06-11 · Pages 2-9: financing, related transactions, bankruptcies, and outcomes
   Read full record
3. affected group1991-10-01documented

   Bondholders exchanged debt for ownership while the casino continued operating.

   • U.S. Bankruptcy Court for the District of New Jersey via CaseMine: In re Trump Taj Mahal Associates1993-10-20 · Bankruptcy filing date, plan, and case history
   • The Washington Post: Trump's bad bet: How too much debt drove his biggest casino aground2016-01-18 · Financing, analyst warning, contractors, bankruptcy, and bondholders
   Read full record
4. limitation1991-10-01documented

   The filing was corporate, not personal, and preserved the operating business.

   • U.S. Bankruptcy Court for the District of New Jersey via CaseMine: In re Trump Taj Mahal Associates1993-10-20 · Bankruptcy filing date, plan, and case history
   • 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

• Taj Mahal bondholdersaffected party
• Trump Taj Mahal Associatesaffected party