Posts Tagged ‘interest payment’

Confirmed: Trump Resorts Goes Bust; 9 Other Trump Companies Follow

Tuesday, February 17, 2009 8:00 3 Comments

Reuters is reporting that Trump Entertainment Resorts Inc. has filed for Chapter 11 bankruptcy protection.
This would be the third trip to the bankruptcy courts for Trump Entertainment, though my hunch is that this will be the last. Nine other Trump affiliated companies have also sought bankruptcy protection. Trump Plaza Associates, Trump Marina Associates and Trump [...]

This was posted under category: Default, Donald Trump, Economy Tags: , , , , , , , , , , , ,

Trump on the Brink; Casino May File Bankruptcy

Sunday, February 15, 2009 8:48 6 Comments

Trump Entertainment Resorts in Atlantic City may be filing for bankruptcy.
Charting Stocks speculated that Trump was in trouble in this post.  In November, Trump Entertainment Resorts missed their $53.1 million interest payment due to bondholders. The company was suffering from a collapse in revenues due to the economic depression.
Trump, who owns 28% of the common [...]

This was posted under category: Default, Donald Trump, Economy Tags: , , , , , , , , , , , , , ,

Ecuador Defaults Again, Refuses to Pay Interest Payment on 2nd Bond

Monday, December 15, 2008 21:23 No Comments

After only a few days since his countries default, Ecuadorian President Raphael Correa has again announced that he will not make the interest payment on a second bond. Ecuador is now in default of $60 million of interest payments. Correa, an American educated Economist, has declared the debt illegal.

This was posted under category: Bonds, Default, Ecuador Tags: , , , , , , , ,

Donald Trump Facing Bankruptcy?

Sunday, November 30, 2008 19:14 11 Comments

Donald Trump & Co. Maxed Out

You know times are rough when Donald Trump can’t pay his bills!
Trump Entertainment Resorts announced that it will have to miss the $53.1 Million interest payment due to it’s bondholders on Monday. Citing a collapse in revenues and a poor economic environment, the Atlantic City Casino operator says that it [...]

This was posted under category: Bonds, Credit, Default, Deutsche Bank, Donald Trump, Economy, Recession, TRMP Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
Legal Disclaimer All stock price information provided by Charting Stocks is for informational purposes only and is not intended for trading purposes. Neither Charting Stocks nor its affiliates guarantee the accuracy, completeness, or sequence of any stock price information or other data displayed or in the transmission of any stocks price information or data. The stock price information is not to be relied upon for trading, business or financial purposes and Charting Stocks and its service providers are not liable or responsible in any way for any damages, losses or costs arising from the reliance of this information or incurred as a result of the non performance, interruption or termination for any reason whatsoever of the stock price information provided. It is urged that you consult with your financial professional before making any decisions related to buying or selling securities.