Trump Plaza casino debt restructuring

What happened

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
action1992-03-09documented
Trump Plaza Hotel and Casino filed for Chapter 11 protection under negotiated terms.
- 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
Read full record
affected group1992-03-09reported
Casino creditors were bound to the restructuring while the property remained open.
- United Press International: Trump's Castle and Plaza file for bankruptcy1992-03-09 · Entire report and restructuring terms
Read full record
limitation1992-03-09reported
Continued operation and negotiated creditor support are material counterevidence to describing the filing as a complete business collapse.
- United Press International: Trump's Castle and Plaza file for bankruptcy1992-03-09 · Entire report and restructuring terms
Read full record

Assessment

Operations continued, but creditors absorbed the revised terms. That qualifies the claimed benefits of corporate bankruptcy.