How Corporate Bankruptcy Works


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Author's Note: How Corporate Bankruptcy Works

Count me among the apparently small group of people who are sad to see the Trump Atlantic City properties go. The Trump Plaza closed its doors on the New Jersey boardwalk earlier this month and it appears that The Trump Taj Mahal is also on its way out as a result of similar financial difficulties. As a gambler, that means less of an opportunity to try to grab old man Trump's cash. The Donald hasn't been involved in those casinos for quite some time now, but his name and face are plastered all over the joints. Winning money at the blackjack table is always fun. Winning money "from" Donald Trump is extra special.

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Sources

DeLaurell, Roxane. "The Bankruptcy Reform Act of 2005: A New Landscape." The CPA Journal. November 2006 (Sept. 21, 2014) http://www.nysscpa.org/cpajournal/2006/1106/essentials/p36.htm

Fullerton, James. "Bankruptcy Primer for Creditors." 2010 (Sept. 21, 2014) http://www.fullertonlaw.com/construction-law-survival-manual/bankruptcy-primer-for-creditors.html

Justina. "Bankruptcy." (Sept. 21, 2014) https://www.justia.com/bankruptcy/#extended

O'Connor, Clare. "Fourth Time's A Charm: How Donald Trump Made Bankruptcy Work For Him." Forbes. April 29, 2011 (Sept. 20, 2014) http://www.forbes.com/sites/clareoconnor/2011/04/29/fourth-times-a-charm-how-donald-trump-made-bankruptcy-work-for-him/

U.S. Courts. "Liquidation Under the Bankruptcy Code." (Sept. 21, 2014) http://www.uscourts.gov/FederalCourts/Bankruptcy/BankruptcyBasics/Chapter7.aspx

U.S. Courts. "Reorganization Under the Bankruptcy Code." (Sept. 21, 2014) http://www.uscourts.gov/FederalCourts/Bankruptcy/BankruptcyBasics/Chapter11.aspx

U.S. Securities and Exchange Commission. "Corporate Bankruptcy." (Sept. 21, 2014) http://www.sec.gov/investor/pubs/bankrupt.htm

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