TER Holdings I, Inc

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Case overview

Case Number:

1:14-bk-12103

Court:

Delaware

Nature of Suit:

Firms

Companies

Government Agencies

National Labor Relations Board

Sectors & Industries:

December 02, 2014
Trump To Close Taj Mahal, Its Last Casino, On Dec. 12

Trump Resorts Entertainment Inc. plans to shut down its last remaining casino, the Trump Taj Mahal Casino Resort, on Dec. 12, the company said Monday, making good on a threat to its labor union less than a week after it asked a New York bankruptcy judge to approve a cash infusion from Carl Icahn.
November 26, 2014
Trump Says It Needs $5M Icahn Infusion To Stay Afloat

Trump Entertainment Resorts Inc. on Wednesday asked a New York bankruptcy judge to approve a $5 million cash infusion from Carl Icahn-controlled senior lender companies, saying that without the financing, it will run out of funds by mid-January.
November 25, 2014
Atlantic City's $22M Tax Sale Deal With Trump Casinos OK'd

A Delaware bankruptcy judge on Tuesday signed off on a deal between Atlantic City and Trump Entertainment Resorts Inc. to auction off tax certificates for $22 million the city claims it is owed, but allows the casino operator to appeal the amounts for the past year.
November 24, 2014
Trump Resorts May Get DIP From Icahn In Bid To Avoid Ch. 7

Trump Entertainment Resorts Inc. told a Delaware bankruptcy judge Monday that senior lender companies controlled by Carl Icahn have agreed to extend debtor-in-possession financing and that it has proposed to restore union workers' health benefits in an effort to keep its last casino open and avoid spiraling into Chapter 7.
November 20, 2014
Trump, Icahn Want Atlantic City's Tax Debt Auction Nixed

Trump Entertainment Resorts Inc. and its top lender, Carl Icahn, objected Thursday to Atlantic City, New Jersey's request to auction tax certificates for $22 million the company allegedly owes, arguing its turnaround plan could be derailed if it's saddled with tax liabilities that aren't yet finally adjudicated.
November 19, 2014
Trump Resorts Must Prove Case Shouldn't Become Ch. 7

A Delaware bankruptcy judge on Wednesday ordered Trump Entertainment Resorts Inc. to show why its Chapter 11 case shouldn't be converted to a Chapter 7 liquidation after agreement over the debtor's disclosure statement, which he indicated a day earlier he would approve, fell apart.
November 18, 2014
Trump Entertainment Gets Nod On Ch. 11 Plan Disclosures

A Delaware bankruptcy judge agreed on Tuesday to approve Trump Entertainment Resorts Inc.'s disclosure statement for a revised Chapter 11 plan that promises at least $1 million in recoveries for unsecured creditors, but a fight over whether the creditors committee can file its own plan still looms.
November 14, 2014
Trump Resorts Says Ch. 11 Plan Can't Wait For Casino Closure

Trump Entertainment Resorts Inc. urged a Delaware bankruptcy judge Friday for permission to move forward with a proposed Chapter 11 plan despite the likely closure of its Taj Mahal casino next month, saying it can't afford a prolonged confirmation process.
November 12, 2014
Trump's Firm Defends Lien On $1.3M Contingency Award

Levine Staller Sklar Chan & Brown PA pressed the judge overseeing Trump Entertainment Resorts Inc.'s Chapter 11 on Monday to safeguard a $1.25 million fee claim that the casino operator and its top lender, Carl Icahn, want treated as unsecured debt.
November 10, 2014
Union Appeal In Trump Bankruptcy Sent Straight To 3rd Circ.

A Delaware federal judge Friday certified a direct appeal to the Third Circuit in Trump Entertainment Resorts' bankruptcy proceedings for Unite Here Local 54, whose collective bargaining agreement was thrown out to save Trump Entertainment more than $14.5 million.