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OCD and Damanshot are jelly of Trump's business success. Keep crying about it. He made 7 billion dollars. Cry some more. lmao

You've said that multiple times. Fact is, casino's do NOT have license to print money. Period.

You keep saying this over, and over, and over again. You're just making yourself look silly because you obviously have no clue what Chapter 11 bankruptcy even means. It's a reorganization of debt so that you can keep operating.

This article sums up his first three bankruptcies during the 1990's recession and Gulf War crisis. It's not like what you learned by playing Monopoly. Read up, so you can talk with adults:



Plaza Hotel files for bankruptcy protection under Trump plan
By VIRGINIA MAIDA RANDALL UPI Business Writer
November 1992

NEW YORK -- Real estate developer Donald Trump filed a pre- packaged bankruptcy plan for the Plaza Hotel in a deal that will give his bank lenders a 49 percent stake in the legendary Manhattan landmark, a court clerk said Wednesday.

Trump's Plaza Operating Partners Ltd. filed the Chapter 11 bankruptcy petition in U.S. Bankruptcy Court in Manhattan Nov. 2, according to the court clerk's office.

No hearing has been set on the bankruptcy case, which will be heard by Bankruptcy Judge Prudence Abram, but the Plaza hotel is not likely to remain in Chapter 11 very long since Trump has reached an accord with his lenders.

The filing was widely expected following a tentative agreement between Trump, who purchased the New York hotel for $390 million in 1988, and his bank lenders in March as part of his efforts to reduce his debt.

Sources familiar with the case said Trump and his lenders have agreed on a total restructuring of the Plaza's debt, estimated at $550 million on three mortgages.

Trump agreed to give up a 49 percent stake in the hotel in return for the restructuring package, they said. Trump would retain 51 percent and continue to operate the Plaza.

Trump, who took on heavy debt in the 1980s to purchase overpriced properties that lost some of their value when the boom collapsed, has been swapping debt for equity in his real estate holdings for 2 years to shore up his empire.

A banking syndicate, led by Citicorp, holds a $125 million second mortgage and a $125 million third mortgage. The first mortgage of $300 million is held by another Citicorp-led syndicate.

In return for Trump's 49 percent stake in the Plaza, the bank group agreed to forgive the $250 million in second and third mortgages and a $125 million personal guarantee from Trump on the second mortage.

The restructuring of the Plaza's debt includes an extension of the first mortgage maturity date plus a lower fixed interest rate that will replace a floating rate, sources said.

The agreement also grants Trump the right of first refusal to purchase his relinquished 49 percent interest if the bank lenders find a buyer.

Trump's former wife, Ivana, was president of the Plaza at one time for $1 a year and all the dresses she could buy, but Trump has remained chairman, a Trump spokeswoman said.

'This is the last leg of our restructuring with Mr. Trump,' said Amy Dates, a Citicorp spokeswoman. She said Citibank would not discuss the details of the restructuring agreement.

This is not the first time Trump has filed a pre-packaged bankruptcy plan.

On March 9, two of his Atlantic City casinos, the Trump Castle and Trump Plaza, filed pre-packaged bankruptcy plans in Bankruptcy Court in Camden, N.J., after winning bondholders' approval.

Trump's Taj Mahal, the newest and glitziest of his Atlantic City properties, emerged from Chapter 11 bankruptcy last year just weeks after the filing.


https://www.upi.com/Archives/1992/1...otection-under-Trump-plan/5512720853200/

Y’all love failed business practices and decisions don’t ya?

That's a total lie. I actually ran his business for years, owned my own business and then ran the concrete division of a general contractor in Dayton. I'm sorry you either have a bad memory on the topic or are just making up BS lies. Which ever one applies here.

That's what I get for trying to be nice to you and hold an actual discussion with you. You can bet your ass that won't happen again.

Since what you said was total BS, back it up. What your claiming was never said and you can't produce anything like that. As per usual.

Personal attacks among posters.....just like politics......as the world turns.....BACK to the OLD GUY- "Trump announced the “very exciting news” in a video on Truth Social on Tuesday, saying the cards were returning “by popular demand.” The cards cost a whopping $99 each." Ain't it Presidential, a former president sells part of his suit thinking "its special" and more action figures---- WOW!!!! Sad for presidency, sad for any sucker who'd pay their hard earned money for garbage. WOW!!!

Trump has NO concept of what he's doing.....How can a Christian say this- "Trump: "If Jesus came down and was the vote counter, I would win California."" A man, created by God talks about God as a vote counter----unbelievable"..... he has NO concept of SHAME.... nor does he understand- " I am the great I am"-- pray for him and for us all because this man should never lead anything. Forgive them father for they know not what they do applies.

If God can count the number of hairs on everyone's heads, votes should be easy.

You get worked up over the strangest things. He presented a hypothetical. He believes it is true.

God is omnipotent and thus knows all things. If true, God knows the number of votes made. Those being true, God is effectively a vote counter.

There are plenty of legitimate complaints. That one seems pretty contrived.

Saying he believes it's true is a reach of monumental proportions. One thing we all know is true is that no matter what he believes, he certainly wants his supporters to believe it. And sadly most of them do. Just because a grifter says something doesn't mean they believe it. For anyone that feels he actually believes that, they should realize that all they have left is an old demented guy.

I'm pretty sure that if Jesus came down here I doubt he'd even concern himself with who would win California! I'm sure he'd be damn mad at the person that says "only he can fix it" whatever it is. I"m pretty sure he'd be mad at those that take that man and compare him to the Lord. As I'm pretty sure you all know, Jesus never preached HATE...

That's a much different argument than the one hitt made.

I'm not sure all of it is true. (In a mad at the act, love the person way.) But your first sentence makes much more sense than the weird "I can't believe you called God a vote counter."

AMEN, Jesus never teaches hate.....the old guy spews hate daily and evangelicals eat up his every word.....I don't get it. His latest photo op at Arlington really upsets me- he finds a supporter who lost a love one and breaks the law because he does it all the time....he thinks he's sinless.....sad, very sad.....BEAT TRUMP.