Trump Averts Bankruptcy Again: Facing a potential...
From Times Staff and Wire reports
Trump Averts Bankruptcy Again: Facing a potential cash crisis at his Trump Castle casino, the debt-heavy developer said he made an $18.4-million interest payment, avoiding the potential bankruptcy of the property. It was the third time this year that Trump has skirted collapse but walked away financially bruised but in control. Not even a top aide knew Monday morning whether Trump would come up with enough cash to pay off holders of $297 million in junk bonds on the Atlantic City casino.
