Trump, Noteholders Up Their Bids In Ch. 11 Pitches

Law360, New York (October 6, 2009, 5:30 PM EDT) -- Bankrupt Trump Entertainment Resorts Inc. and a committee of disgruntled noteholders have upped the ante in their competing restructuring proposals for the gaming company, with Donald Trump and a bank offering to pitch in an additional $13.9 million for creditors and the noteholders offering $50 million more in fresh capital.

An ad hoc committee of second-lien noteholders and Trump affiliate TCI 2 Holdings LLC filed amended Chapter 11 plans and disclosure statements on Monday and Tuesday, respectively, in the U.S. Bankruptcy Court for the District of...
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