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In 1991, Trump Taj Mahal was unable to service its debt and filed Chapter 11 bankruptcy. [363] Forbes indicated that this first bankruptcy was the only one where Trump's personal financial resources were involved. Time, however, maintains that $72 million of his personal money was also involved in a later 2004 bankruptcy. [364]
Florida Lake Amusement [69] Included a 110-foot tower, 1,600-seat stadium, boardwalk, and exhibit hall. [70] A model of a two-bedroom colonial house was also displayed at the Florida pavilion. [71] During the 1965 season, the Florida pavilion took over an adjacent 8,000-seat amphitheater, where it hosted a water-ski show. [38] [38] [70] [71] Hawaii
Certain scholars and politicians have advocated for a reform of the law to allow states to seek bankruptcy. [6] [3] [4] They argue that the law will require voluntary consent by the state and will not give the federal government or creditors the power to force a bankruptcy; therefore it would not interfere with state sovereignty or be unconstitutional.
A 2009 study in five states found that medical debt contributed to 46.2% of all personal bankruptcies, and 62.1% of bankruptcy filers claimed high medical expenses in 2007. [56] Since then, health costs and the numbers of uninsured and underinsured have increased. [57]
United States bankruptcy courts are courts created under Article I of the United States Constitution. [1] The current system of bankruptcy courts was created by the United States Congress in 1978, effective April 1, 1984. [2] United States bankruptcy courts function as units of the district courts and have subject-matter jurisdiction over ...
iAero Airways, previously named Swift Air, was an American charter airline based in Greensboro, North Carolina with its main hub at Miami International Airport. [4] The airline announced that it would cease all operations on April 6, 2024, after failed restructuring efforts during bankruptcy proceedings.
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