H**G
发帖数: 563 | 1 Just look at his track record! He's such a artist:)
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1991, Trump’s Taj Mahal in Atlantic City
This is the one where The Donald’s fortune was actually in any danger.
After financing much of the construction of the casino with junk bonds, the
luxe facility was in debt, and so was he. (Exactly how much is up for debate
; the Times pegged his personal liabilities at $900 million.) In order to
escape potential doom, Trump’s corporation filed for Chapter 11 bankruptcy,
which allowed him to reorganize the debt while the casino remained open.
1992, Trump Plaza Hotel in Atlantic City
In his second swing at bankruptcy, Trump was able to insulate himself from
any real harm, for the most part. This time it was the Trump Plaza Hotel
that was hemorrhaging cash, having lost over $550 million. Ever the
negotiator, the entrepreneur agreed to give up a 49 percent stake in the
hotel to Citibank and other lenders, according to ABC News. In exchange, he
received more favorable repayment terms on the debt.
2004, Trump Hotels and Casinos Resorts
Just over a decade later, a Trump corporation was filing for Chapter 11 yet
again. With the company nearly $1.8 billion dollars in debt, the
businessman was back to making deals, this time agreeing to reduce his stake
in the company to about 25 percent in exchange for lower interest rates and
a new loan, the Associated Press reported at the time. The move meant that
Trump surrendered much of his control in the company, but considering what
had been going on under his watch, that was probably a good thing.
2009, Trump Entertainment Resorts
In his most recent dalliance with bankruptcy, Trump’s company declared
Chapter 11 after missing a $53.1 million bond interest payment. | H**G
发帖数: 563 | 2 I am sure Trump loves this country deeply that he hasn't left after so many
bankruptcy filings.
the
debate
bankruptcy,
【在 H**G 的大作中提到】
: Just look at his track record! He's such a artist:)
: --------------------------------------------------------
: 1991, Trump’s Taj Mahal in Atlantic City
: This is the one where The Donald’s fortune was actually in any danger.
: After financing much of the construction of the casino with junk bonds, the
: luxe facility was in debt, and so was he. (Exactly how much is up for debate
: ; the Times pegged his personal liabilities at $900 million.) In order to
: escape potential doom, Trump’s corporation filed for Chapter 11 bankruptcy,
: which allowed him to reorganize the debt while the casino remained open.
: 1992, Trump Plaza Hotel in Atlantic City
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