Trump Entertainment Resorts Inc. received a judge’s approval to keep control of its bankruptcy case into early next year, as well as the right to transfer to Trump Taj Mahal the financing agreements related to slot machines moved from the shuttered Trump Plaza, the Wall Street Journal reported today. Bankruptcy Judge Kevin Gross in orders signed on Tuesday approved Trump Entertainment’s request to extend until Dec. 3, 2015, the amount of time it has to file a reorganization plan without the threat of rival proposals, and until Feb. 3, 2016, to solicit votes on such a plan. Without the approvals, those periods would have expired on Aug. 5, and Oct. 6, respectively. While Trump Entertainment already has a plan in place that would put the company in the hands of top lender Carl Icahn, the company is still waiting for the plan to become effective. Part of the deal includes the rejection of collective bargaining agreements with the Taj Mahal’s union workers, which the union is appealing.
