The “Donald” filed Chapter 11 bankruptcy protection

Trump Entertainment Resorts Inc filed for Chapter 11 bankruptcy on Tuesday. New York business litigation lawyers news beat JusticeNewsFlash.com

New York, NY (JusticeNewsFlash.com)–Reuters reported on Tuesday, the Atlantic City, New Jersey casino operator, Trump Entertainment Resorts Inc., named for Donald Trump, filed for Chapter 11 bankruptcy protection on Tuesday. The company was restructured in 2005 after filing Chapter 11 and has survived until the most recent court filing of Chapter 11. This brings the bankruptcy filing by the casino hotel operator to number three.

Trump Taj Mahal, Trump Plaza, and Trump Marina are the three Atlantic City casino hotels named in the filing by Trump. Company executives claim they will operate business as usual because they did not request debtor-in-possession financing during its restructuring. The court documents listed U.S. Bank National Association Corporate Trust Services, Bovis Lend Lease Inc, and Thermal Energy Limited 1 as the top three unsecured creditors affected. The filing in the U.S. Bankruptcy Court for the District of New Jersey listed total assets of about $2.1 billion and total debs of about $1.74 billion on December 31, 2008.

JusticeNewsFlahsh.com news for New York business litigation lawyers.

It's only fair to share...Pin on PinterestTweet about this on TwitterShare on LinkedInShare on Google+Share on FacebookEmail this to someonePrint this page

About the Author Justice Seeker

Heather L. Ryan, R.N., C.L.N.C- Heather Ryan is a Certified Legal Nurse Consultant with 15 years of experience in the health care industry. Her expertise in reviewing medical records and assisting lawyers with the determination as to whether legal action should be taken provides an invaluable asset to the newsroom. Medical-malpractice, products liability, personal injury and workers’ compensation are some of the recent areas of litigation Ms. Ryan has focused her efforts on. A member of the Florida Justice Association, Heather maintains a long list of certifications and credentials to support her areas of expertise and stays up-to-date with her clinical knowledge working as an emergency room/trauma nurse, at a Level 1, Adult/Pediatric trauma and teaching institution in South Florida.