NBC News: Trump Bankruptcy Math Doesn't Add Up

By Tom Winter:

Over the course of 18 years, Trump's companies went into reorganization six times — five times in New Jersey, where he had his casino holdings, and once in New York:

• Trump Taj Mahal Associates, Atlantic City casino — 1991 
• Trump Castle Hotel & Casino, Atlantic City casino — 1992 
• Trump Plaza Associates, Atlantic City casino — 1992 
• Plaza Operating Partners, Manhattan hotel — 1992 
• Trump Casino Holdings, Atlantic City casinos — 2004 
• Trump Entertainment Resorts, Atlantic City casinos — 2009 

"It would be six separate bankruptcies," said bankruptcy lawyer Ted Connolly, author of "The Road Out of Debt: Bankruptcy and Other Solution to Your Financial Problems."

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During an August debate, he defended his record by saying, "Out of hundreds of deals that I've done — hundreds — on four occasions, I've taken advantage of the laws of this country, like other people.

"Hundreds and hundreds of deals. Four times, I've taken advantage of the laws," he continued.

In an October debate, his math memory got a little fuzzier.

"Hundreds of companies I've opened," he said. "I've used it [bankruptcy] three, maybe four times. Came out great."

The Full Story (June 24, 2016)