i had to look up the trump bankruptcy history since it keeps being brought up in these coli debates and both sides are correct. yes, only his companies filed, and yes, he had to come out of his personal pocket in the first two filings.
and i had forgotten bout his racial discrimination lawsuit.
courtesy of wikipedia
Legal affairs
Four of Trump's businesses have declared
Chapter 11 bankruptcy.
[135] According to a 2011 report by
Forbes, these were due to over-leveraged hotel and casino businesses in Atlantic City: Trump’s Taj Mahal (1991), Trump Plaza Hotel (1992), Trump Hotels and Casino Resorts (2004), and Trump Entertainment Resorts (2009)
[136][137] Trump said "I've used the laws of this country to pare debt. ... We'll have the company. We'll throw it into a chapter. We'll negotiate with the banks. We'll make a fantastic deal. You know, it's like on 'The Apprentice'. It's not personal. It's just business."
[138] He indicated that other "great entrepreneurs" do the same.
[136]
Trump’s first corporate bankruptcy was in 1991 when Trump Taj Mahal was unable to pay its obligations.[138] Forbes indicated that his first bankruptcy was the only one where his personal wealth was involved. Time, however, maintains that also in the later 2004 bankruptcy $72 million personal money was involved.[139]
On November 2, 1992, the
Trump Plaza Hotel filed a prepackaged Chapter 11 protection plan. Under the plan, Trump agreed to give up a 49 percent stake in the luxury hotel to
Citibank and five other lenders.
[140] In return Trump would receive more favorable terms on the remaining $550+ million owed to the lenders, and retain his position as chief executive, though he would not be paid and would not have a role in day-to-day operations.
[141]
In the subsequent restructuring of these two events, Trump had eliminated a large portion of his $900 million personal debt by 1994
[142] and reduced significantly his nearly $3.5 billion in business debt. While he relinquished the
Trump Princess yacht and the
Trump Shuttle (which he had bought in 1989), he managed to retain Trump Tower in New York City and control of his three casinos in Atlantic City. Trump sold his ownership of West Side Yards to Asian developers as a result of his negotiations with
Chase Manhattan Bank. Trump was reportedly paid a premium for placing his well known moniker on the buildings that eventually arose. In 1995, he combined his casino holdings into the publicly held
Trump Hotels & Casino Resorts. The real estate assets became a source of wealth even when profits had struggled.
[143]
The third corporate bankruptcy was on October 21, 2004, when
Trump Hotels & Casino Resorts announced a restructuring of its debt.
[144] The plan called for Trump's individual ownership to be reduced from 56 percent to 27 percent, with bondholders receiving stock in exchange for surrendering part of the debt. Trump Hotels was forced to seek voluntary bankruptcy protection to stay afloat. After the company applied for Chapter 11 Protection in November 2004, Trump opted to relinquish his CEO position but retained a role as Chairman of the board. In May 2005
[145] the company emerged from bankruptcy as
Trump Entertainment Resorts Holdings.
[146]
The most recent corporate bankruptcy occurred in 2009. On February 13, Trump announced that he would resign from the board of Trump Entertainment Resorts and four days later the company filed for Chapter 11 bankruptcy.
[147] At that time, Trump Entertainment Resorts had three properties in
Atlantic City: Trump Taj Mahal, Trump Plaza, and Trump Marina (sold in 2011). In early August 2014, Donald Trump filed a lawsuit requesting his name be removed from the Trump Plaza Hotel and Casino and the Taj Mahal facilities since he no longer runs or controls the company.
[148] Trump Entertainment Resorts filed again for bankruptcy in 2014.
[149]
In 1973, the Justice Department unsuccessfully sued Trump Management Corporation for alleged racial discrimination, at which time Trump was the company's president.[150] The federal government filed the lawsuit against his New York City real estate company for allegedly discriminating against potential black renters to which Trump never admitted, the case was settled out of court in 1975.[151]
"Donald Trump Was Once Sued By Justice Department For Not Renting To Blacks". The Huffington Post. Retrieved June 16, 2015.
In March 1990, after an analyst at
Janney Montgomery Scott said that Trump's Taj Mahal project would initially "break records" but would fail before the end of that year, Trump threatened to sue the firm unless the analyst recanted or was fired. The analyst refused to retract the statements, and was fired by his firm.
[152] Taj Mahal declared bankruptcy for the first time in November 1990.
[153] A
defamation lawsuit by the analyst against Trump for $2 million was settled out of court.
[154] The analyst's statements regarding the Taj Mahal's prospects were later called "stunningly accurate".
[155]
In January 2002, the
Securities and Exchange Commission brought a financial-reporting case against Trump Hotels & Casino Resorts Inc., alleging that it had committed several "misleading statements in the company's third-quarter 1999 earnings release". The matter was settled with the defendant neither admitting nor denying the charge.
[156]
During the
2008 financial crisis,
Trump International Hotel and Tower in Chicago was unable to sell sufficient units. Lender
Deutsche Bank refused to let Trump lower the prices on the units to spur sales. Arguing that the financial crisis and resulting drop in the real estate market is due to
circumstances beyond his control, Trump invoked a clause in the contract to not pay the loan.
[157] Trump then initiated a suit asserting that his image had been damaged. Both parties agreed to drop their suits, and sale of the units went on.
[158]
On August 24, 2013, a lawsuit filed by
New York Attorney General Eric Schneiderman, whose claims were dismissed by the Manhattan Superior Court, had accused Trump of defrauding more than 5,000 people of $40 million for the opportunity to learn Trump's real estate investment techniques in a for-profit training program, Trump University.
[159][160][161] On January 30, 2014, the New York court dismissed all of the Attorney General's fraud claims against Trump, allowing only the licensing aspect of the case to proceed.
[162] In October 2014, the New York court found Trump only liable for not obtaining a license to operate the for-profit investment school, Trump Entrepreneur Initiative, formerly known as Trump University.
[163] In a separate class action civil suit in mid-February 2014, a San Diego federal judge allowed claimants in California, Florida, and New York to proceed.
[164]
In late October 2014, model Alexia Palmer filed a civil suit against Trump Model Management for promising a $75,000 annual salary but paying only $3,380.75 for three years' work. Palmer claims to be owed more than $200,000. Palmer charged that Trump Model Management, charged, in addition to a management fee, "obscure expenses" from postage to limousine rides that consumed the remainder of her compensation. Trump attorney Alan Garten claims the lawsuit is "bogus and completely frivolous".
[165][166]
In 2015, Trump initiated a $100 million lawsuit against
Palm Beach County claiming that officials pressured the
FAA to direct air traffic to the
Palm Beach International Airport in a "deliberate and malicious" act over his
Mar-A-Lago estate.
[167] The air traffic is allegedly damaging the construction of the building and disrupting its ambiance. Trump had previously sued twice over airport noise.
[167]
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curly went to court this morning rocking an off the rack or salvation army suit and a timex ironman watch
Rapper 50 Cent pleads poverty at sex tape trial
nikka hid all the money like "what money" 
