Questions and answers about Trump&#39;s bankruptcy filing
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The company that operates Donald J. Trump&#39;s casinos has filed for bankruptcy protection, along with some related companies. Here are some questions and answers about what this means for Trump, his employees, gamblers and creditors:
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Lawyers got theirs SCO Group today filed for bankruptcy protection. With less than $10m cash left to call on, SCO said that Chapter 11 protection and reorganization would protect assets as it addresses, ahem, "potential financial and legal challenges".â¦
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The Fair Game column on Feb. 3, about problems at mortgage lenders, misstated the circumstances surrounding a bankruptcy filing related to the home mortgage lending unit of NovaStar Financial. An involuntary petition to force the unit into bankruptcy was filed with the court on Jan. 24 by a creditor who won a $49 million judgment against the unit; the unit did not file for bankruptcy. (On Feb. 7, the judge overseeing the case ruled against the petition.).
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An Australian hedge fund felled by its exposure to risky credit derivatives filed for bankruptcy protection in the United States, and liquidators on Thursday were assessing how much money, if any, would be returned to investors.
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In less than a month, Americaâs largest mortgage lender went from Wall Street sweetheart to being seen as nearly bankrupt. What happened?
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Fashion Wire Daily - Fashion Wire Daily August 26, 2004 - NEW YORK - Having filed for bankruptcy protection in February, Elite Model Management Corporation (&#8220;Elite New York&#8221;) announced yesterday the sale of its assets to Creative World Management LLC, owned by the Trump Group&#8212;controlled by Eddie and Jules Trump, no relation to Donald Trump&#8212;for &#36;7.7 million plus assumed liabilities.
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Trump Hotels &amp; Casino Resorts Inc. (DJTC.OB: Quote, Profile, Research) , which has been on the brink of bankruptcy, said on Thursday that a majority of bondholders have approved
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PHILADELPHIA  - Donald Trump's casino operationsfiled for bankruptcy on Sunday in a long-expected move thatwould allow the real estate maverick to restructure thecompany's debt and overhaul its aging casinos.
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The &quot;bankruptcy&quot; economy... the steel industry... how can GM compete? Fannie Mae stock drops 7% on SEC investigation... The Dutch Antilles...hurricane damage...not voting...and a disgusted reader! Watch those long bonds!
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WASHINGTON/NEW YORK  - Federal regulators have  launched an investigation into creditor actions in the WorldCom  bankruptcy, demanding thousands of documents from bondholders  related to the largest U.S. bankruptcy, according to court  documents.
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The collapse of talks to secure financing for the struggling casinos of Donald Trump left him scrambling to find alternate solutions.
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NEW YORK : US real estate magnate Donald Trump, whose celebrity has grown with his popular television show, filed Monday for bankruptcy protection for his casinos, which are struggling under 1.8 billion dollars in debt.
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Patrons of Donald J. Trump's gambling halls probably won't notice, but his casino empire is now in bankruptcy after months of negotiations with bondholders over a crushing &#36;1.8 billion debt.
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Airline warns it may file for bankruptcy if too many senior pilots take early retirement option. Delta Air LInes&#39; CEO says it faces bankruptcy if it can&#39;t slow the pace of pilots taking early retirement.
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Trump Hotels &amp; Casino Resorts Inc. (DJTC.OB: Quote, Profile, Research) , which has been on the brink of bankruptcy, said on Thursday that bondholders have approved the company&#39;s
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Our position is: Politics trumped ethics in the House GOP vote to drop its no-indictment rule for the majority leader. When he was admonished by the House ethics committee last month for holding a golf fund
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Can one friend do the work of six, and will Americans still delight in watching Donald Trump fire wannabe tycoons? The NBC network has a lot riding on the answers.