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The financial struggles of Trump Entertainment Resorts, including heavy leverage and failed restructuring talks.
A careful review of reporting shows that Trump-related bankruptcies were corporate Chapter 11 reorganizations brought by separate business entities, not personal bankruptcies by Donald Trump, and that...
Across the Trump corporate Chapter 11 cases, secured creditors and bondholders typically negotiated reorganizations that preserved some recovery often in the form of equity or reduced debt, shareholde...
The Taj Mahal was built with roughly $675 million of high‑yield “junk” bonds, and when it defaulted bondholders agreed to a 1991 prepackaged restructuring that left them with roughly half the casino’s...
Entertainment Resorts repeatedly collapsed not because of a single bad bet but because its casino operating model was built on heavy leverage: large issuances of high‑interest debt and junk bonds left...