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Donald Trump’s casinos, operating under the Trump Entertainment Group of companies, filed for Chapter 11 bankruptcy protection last week.
The bankruptcy petition lists the casino group’s assets as between $10 – $50 million, with estimated liabilities of between $100 – $500 million. According to an exhibit attached to the filing, on December 31, 2008 Trump casinos [...]
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Bailout With A Price: Ohio Chapter 11 Bankruptcy
Mention a corporate bailout in the nation’s capital these days and chances are someone will offer a harsh condition to go along with it. Chapter 11 bankruptcy.
Lately, the term “prepackaged bankruptcy” has been gaining currency in the halls of Congress as lawmakers struggle with pleas for help from [...]
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