In Re: Trump Entertainment Group, Inc.

Donald Trump's Casino Group
Files for Bankruptcy Under Chapter 11
February 17, 2009

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    Donald Trump's casinos, operating under the Trump Entertainment Group of companies, filed for Chapter 11 bankruptcy protection today.

    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 had approximately $1.74 billion in debt and assets of $2.06 billion. Secured creditors include Donald Trump himself, Morgan Stanley & Co., Franklin Mutual Advisors, LLC, and New York hotel developer Sam Chang.

    You can read the voluntary bankruptcy petition below:

    Donald Trump Casino Bankruptcy
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