Trump's Castle debt restructuring
What happened
promisedocumented 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
actiondocumented Trump's Castle filed for Chapter 11 protection as part of a creditor restructuring.
- United Press International: Trump's Castle and Plaza file for bankruptcy1992-03-09 · Entire report and restructuring terms
- New Jersey Division of Gaming Enforcement: Investigation Report: Donald J. Trump1992-04-15 · Financial stability, casino transactions, Hyatt audit, and licensing sections
affected groupreported Creditors accepted revised terms while the casino continued operating.
- United Press International: Trump's Castle and Plaza file for bankruptcy1992-03-09 · Entire report and restructuring terms
limitationdocumented The filing was by a corporate casino entity and did not constitute Trump's personal bankruptcy.
- United Press International: Trump's Castle and Plaza file for bankruptcy1992-03-09 · Entire report and restructuring terms
- The American Presidency Project: Republican Candidates Debate in Cleveland, Ohio2015-08-06 · Exchange about Trump-controlled companies' bankruptcy filings
People and organizations
- Trump's Castle creditorsaffected party
- Trump's Castle employeesaffected party
Assessment
The filing contradicts an unqualified business-success account. The corporate restructuring preserved casino operations, and it was not Trump's personal bankruptcy.