Major borrowers for casino projects are now in default on loan covenants and refuse to make payments on legally required minimum monthly payments for properties controlled by clients of steven sears attorney las vegas and atlantic city. Trump entertainment filed for BANKRUPTCY and refuses to pay any creditors including payroll for employees and vendors delivering food, beverages, and hotel supplies and linens.
The unsecured notes exceed $1.25 billion dollars and are personally guaranteed by investor clients of steven sears. Deadbeat Dad and Daughter team (donald and ivanka) don't care about the hard working minimum wage workers at the casino properties and use the law office affiliates of attorney steven sears to delay payments and cause workers to put in extra overtime without meeting state law requirements to pay premium pay for hours over 8 per workday or weekend premium for nights.
Neither Donald Trump, Ivanka Trump, Attorney for Debtor Law Offices of Steven Sears main office New York and Tampa did not attend the Chapter 11 creditor committee held by Avenue Capital Group. The hearing was for all creditors and must be attended by debtor or the attorney for debtor in bankruptcy court in CAMDEN N.J.
A totally worthless alternate plan is being offered by a rival reorganization plan which will take away all rights to the TRUMP name and change the resort signage to read the new equity partners.
Employees will be left out and never get HEALTH BENEFITS, OVERTIME, UNEMPLOYMENT INSURANCE OR DISABILITY BENEFITS that were promised as part of the take over. Now attorney for debtor wants to keep the cash to pay for more PRIVATE JET TRAVEL and LUXURY FIRST CLASS LIVING while everday people are left in the dark and cannot afford high prices lawyers to fight for their pay and benefits.
Totally unfair and a rip off of working poor and middle america.
Www.trump.com
www.trumpplaza.com
www.atlanticcitygaming.com
www.trumpmarina.com
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