November 23, 2004
TRUMP HOTELS BANKRUPTCY NEWS
http://bankrupt.com/trump.txt
2004:
"Trump Files Bankruptcy...What a Shock"
http://www.blogmaverick.com/2004/11/23/trump-files-bankruptcy-what-a-shock/
2007-03-18 14:47:12 · 16 answers · asked by a bush family member 7 in Politics & Government ➔ Politics
"THCR's majority stockholder is Donald J. Trump, who directly and indirectly holds 56% of THCR's voting securities. THCR's principal assets consist of its general and limited partnership interests in Trump Hotels & Casino Resorts Holdings LP, which holds, through its subsidiaries, substantially all of
the assets of the Debtors' businesses. THCR Holdings is currently owned approximately 63.4% by THCR as both a general and limited partner and approximately 36.6% by Mr. Trump as a limited
partner.""
2007-03-18 14:59:20 · update #1
So he could get away with not paying back debts to people and other corporations. He had a lot of investors and the company wasn't profitting. It was a strategic business move is all. Big companies do that all the time and then they just start up a new one under a new business entity. I think it should be illegal.
2007-03-18 14:52:13 · answer #1 · answered by Eisbär 7 · 3⤊ 0⤋
Trump screws up a lot. But Silverstein made 700 bi lion dollars on the 9/11 fiasco.
Me too, 44Granny,. except his right on views on Bush and his lies.
2007-03-23 20:08:05 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Bankruptcy not due to divorce, but mismanagement. So much for The Donald.
2007-03-18 14:53:51 · answer #3 · answered by vegaswoman 6 · 2⤊ 0⤋
The companies that went bankrupt were over leveraged. He personally never had any financial problems. The bankruptcies were just a way to trim the fat and refinance their operations.
Pretty standard really.
2007-03-18 14:55:49 · answer #4 · answered by C B 6 · 1⤊ 2⤋
Right, and Cindy Sheehan was kind enough to take Mr. Hugo Chavez a gallon of " Kool-Aid" to celebrate. God Bless America. !!!!
2007-03-24 13:32:26 · answer #5 · answered by fuzzypetshop 4 · 0⤊ 0⤋
Trump would tell you that it's because he is such a genious.
He was born a multimillionaire and all he does is toot his own horn as being some sort of economic guru.
2007-03-18 14:53:41 · answer #6 · answered by Crystal Blue Persuasion 5 · 2⤊ 0⤋
Wasn't it during one of his divorces. The Donald has a tendency to go broke when it comes to paying the ex wife.
2007-03-18 14:50:18 · answer #7 · answered by Anonymous · 0⤊ 1⤋
Its a corporate thing. Lots of Republicans shield themselves with bankruptcy.
2007-03-18 14:54:28 · answer #8 · answered by PARKERD 7 · 2⤊ 2⤋
His casinos were failing miserably.
2007-03-22 10:20:23 · answer #9 · answered by Nick 2 · 0⤊ 0⤋
He doesn't want Vince to collect more than just hair!
2007-03-26 01:19:55 · answer #10 · answered by Anonymous · 0⤊ 0⤋