Trump court authorizes three-month extension of plan exclusive periods

By Kali Hays

New York, Jan. 28 – Trump Entertainment Resorts, Inc. received a 90-day extension of its exclusive Chapter 11 plan filing and solicitation periods, according to a Jan. 28 order from the U.S. Bankruptcy Court for the District of Delaware.

The company’s exclusive filing period is extended through April 7 from Jan. 7 and its solicitation period through June 8 from March 9.

As previously reported, Trump requested the extension in order to modify its currently proposed reorganization plan based on “concerns raised by the court, as well as to address certain of the concerns raised by the official committee of unsecured creditors” and as a precaution in the event that the plan “requires further modifications and amendments,” according to the motion.

Trump Entertainment Resorts, an Atlantic City-based owner and operator of casino resort properties, filed for bankruptcy on Sept. 9. The Chapter 11 case number is 14-12103.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.