Trump's Castle debt restructuring
- Promised
- Trump said corporate bankruptcy law had produced advantageous outcomes for his companies, himself, employees, and family.Open cited record · 1 source
- The record
- Trump's Castle filed for Chapter 11 protection as part of a creditor restructuring.Open cited record · 2 sources
- Who paid
- Creditors accepted revised terms while the casino continued operating.Open cited record
- Trump's Castle creditors
- Trump's Castle employees
- Audit finding
- partly kept
The filing contradicts an unqualified business-success account, but the corporate restructuring preserved casino operations and was not Trump's personal bankruptcy.
Causal strength: documented mechanism