Trump's Castle and Plaza file for bankruptcy

This authoritative-secondary source from United Press International supports 10 claims across 8 ledger entries.

Publisher: United Press International
Published: 1992-03-09
Source quality: authoritative-secondary

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Claims supported by this source

factreported
Casino creditors were bound to the restructuring while the property remained open.
Entire report and restructuring terms
Trump Plaza casino debt restructuring: Affected group · Affected group
analysisdocumented
The filing qualifies the claimed benefits of corporate bankruptcy because creditors absorbed revised terms even as operations continued.
Entire report and restructuring terms
Trump Plaza casino debt restructuring: Audit finding · Cited analysis
factreported
Continued operation and negotiated creditor support are material counterevidence to describing the filing as a complete business collapse.
Entire report and restructuring terms
Trump Plaza casino debt restructuring: Evidentiary limit · Evidentiary limit
factdocumented
Trump Plaza Hotel and Casino filed for Chapter 11 protection under negotiated terms.
Entire report and restructuring terms
Trump Plaza casino debt restructuring: The record · The record
factdocumented
Trump owned and controlled the Plaza casino debtor.
Entire report and restructuring terms
Trump Plaza casino debt restructuring: The record · The record
factreported
Creditors accepted revised terms while the casino continued operating.
Entire report and restructuring terms
Trump's Castle debt restructuring: Affected group · Affected group
analysisdocumented
The filing contradicts an unqualified business-success account, but the corporate restructuring preserved casino operations and was not Trump's personal bankruptcy.
Entire report and restructuring terms
Trump's Castle debt restructuring: Audit finding · Cited analysis
factdocumented
The filing was by a corporate casino entity and did not constitute Trump's personal bankruptcy.
Entire report and restructuring terms
Trump's Castle debt restructuring: Evidentiary limit · Evidentiary limit
factdocumented
Trump's Castle filed for Chapter 11 protection as part of a creditor restructuring.
Entire report and restructuring terms
Trump's Castle debt restructuring: The record · The record
factdocumented
Trump owned and controlled Trump's Castle at the time of the filing.
Entire report and restructuring terms
Trump's Castle debt restructuring: The record · The record