COMPLETE STATIC READING EDITION

Maintained record: Full illustrated guide ↗

Bankruptcies and unpaid contractors

Six business bankruptcies, and a long trail of billing fights

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Six bankruptcies

Corporate, not personal.

PolitiFact counted six business bankruptcies tied to Trump, from the Taj Mahal in 1991 to Trump Entertainment Resorts in 2009. He has never filed for personal bankruptcy. [1][2][3]

Bankruptcy is legal and common in the casino business. The filings left creditors and shareholders with losses, while Trump stayed involved in the company. [1][2]

The sources

  1. PolitiFact: six business bankruptcies, June 2016 ↗

    Read the identified date, proceeding and scope. Allegations, attributed reporting and adjudicated outcomes carry different weight.

  2. Trump Entertainment Resorts 2007 Form 10-K: restructuring history ↗

    Read the identified date, proceeding and scope. Allegations, attributed reporting and adjudicated outcomes carry different weight.

  3. SEC-filed company announcement: 2010 reorganization confirmed ↗

    Read the identified date, proceeding and scope. Allegations, attributed reporting and adjudicated outcomes carry different weight.

Unpaid bills

Hundreds of claims. Not all of them proved.

A 2016 USA Today investigation found Trump and his businesses involved in at least 3,500 legal actions over three decades, including at least 60 lawsuits alleging unpaid work and more than 200 mechanic’s liens. Trump said he withheld payment when work was poor. [1][2]

The sources

  1. USA Today investigation, June 9, 2016 (University of Florida newspaper archive reproduction) ↗

    Original USA Today reporting reproduced in a dated newspaper archive; contextual journalism, not a consolidated court judgment.

  2. The Week: contemporary summary of the unpaid-contractors investigation ↗

    Read the identified date, proceeding and scope. Allegations, attributed reporting and adjudicated outcomes carry different weight.

WHAT PEOPLE SAY ABOUT THIS FILE

The claims, rated.

2 claims people make about this file, each rated documented, partly true, disputed, unproven or false. Think a rating is wrong? Use Dispute or Support, or join the Discussion.

All 137 rated claims ↗

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Discussion

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