ï»¿ Causes and Consequences of broken family Introduction: Family is said to be the first institution where one starts to equip oneself to grow. But differences have been found to each family. According to the administration and organizing family, each produces various kinds of character.
Itâs nothing personalâ¦. First things first: Donald Trump has filed for corporate bankruptcy four times, in 1991, 1992, 2004 and 2009. All of these bankruptcies were connected to over-leveraged casino and hotel properties in Atlantic City, all of which are now operated under the banner of Trump Entertainment Resorts.
In 1991 and 1992, two of Trumpâs Atlantic City casinos (the Trump Taj Mahal and the Trump Plaza Hotel) filed for Chapter 11 bankruptcy, which allowed them to restructure their debt. As a result of the onerous debt, in 1991, Trump was forced to cede 50% of ownership in the Taj Mahal to his bondholders in exchange for lower interest payments and extra deferments.