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Trump, Ad Hoc Committee Polish Rival Ch. 11 Plans

Law360, New York (November 05, 2009) -- After months of bitter rivalry, bankrupt Trump Entertainment Resorts Inc. and a committee of incensed noteholders have readied competing reorganization plans, leaving it for creditors to soon decide the future ownership of the gaming company.

An ad hoc committee of second-lien noteholders submitted its latest reorganization plan Thursday in the U.S. Bankruptcy Court for the District of New Jersey, hours after the debtors, allied with...

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