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February 20, 2009

Trump Entertainment Critical Vendor Order

The Court has approved Trump's request to pay some $17 million of "critical vendors," i.e., prepetition creditors who the debtor wants to continue doing business with.  The procedure is really elaborate and includes the promise by the vendor to continue to do business with the debtor for one year.  The Order, the "critical vendor procedures," the "Trade Agreement," and related documents can be accessed here

February 20, 2009 in Current Affairs | Permalink

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