Trump Hotels & Casino Resorts bankruptcy

2004-11-21

Trump Hotels & Casino Resorts bankruptcy

partly-kept

Promised: 2015-08-06Trump said corporate bankruptcy law had produced advantageous outcomes for his companies, himself, employees, and family.Open cited record · 1 source
The record: 2004-11-21The public casino company and related debtors filed for Chapter 11 protection.Open cited record · 2 sources
Who gained: Trump Hotels & Casino Resorts bondholders
Who paid: 2005-05-20The confirmed plan shifted control toward creditors, diluted existing ownership, and preserved casino operations.Open cited record
Public shareholders
Casino employees
Audit finding: partly kept
The filing contradicts the company's growth and performance promise, while supporting Trump's narrower claim that corporate bankruptcy can preserve operations and a continuing role.
Causal strength: documented mechanism

Evidence chronology

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
Open underlying ledger entry
action2004-11-21documented
The public casino company and related debtors filed for Chapter 11 protection.
- U.S. Securities and Exchange Commission: Trump Hotels & Casino Resorts 2004 Form 10-K2005-03-31 · Restructuring, bankruptcy plan, services agreement, and signatures
- 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
Open underlying ledger entry
affected group2005-05-20documented
The confirmed plan shifted control toward creditors, diluted existing ownership, and preserved casino operations.
- U.S. Securities and Exchange Commission: Trump Hotels & Casino Resorts 2004 Form 10-K2005-03-31 · Restructuring, bankruptcy plan, services agreement, and signatures
- 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
Open underlying ledger entry
limitation2005-05-20documented
The operating properties continued after reorganization, and Trump retained a reduced ownership and service role.
- U.S. Securities and Exchange Commission: Trump Hotels & Casino Resorts 2004 Form 10-K2005-03-31 · Restructuring, bankruptcy plan, services agreement, and signatures
- U.S. Securities and Exchange Commission: Trump Entertainment Resorts 2007 Form 10-K2008-03-14 · Corporate history, ownership, risks, and related transactions
Open underlying ledger entry

Responses, legal status, contrary evidence, and limitations

limitation
The operating properties continued after reorganization, and Trump retained a reduced ownership and service role.