For the third time in its history, Trump Entertainment Resorts has emerged from bankruptcy by eliminating $1.3 billion in debt, according to an announcement by the company late Friday.
Weil, Gotshal & Manges served as lead bankruptcy counsel to Atlantic City, N.J.-based TER, which operates three casinos in the coastal New Jersey city under the Trump banner. TER filed for bankruptcy in February 2009, after former chairman Donald Trump and his daughter Ivanka quit the company over disputes with bondholders.
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