Julianne I Am Site

In the year1989 due to rescission trump was unable to his bank loans. In the construction of Donald Trumps third resort ‘taj mahal’ he invested $3 billion with high interest junk bonds. But even in the year 1990 he was not able to pay his bank loan and even the interest. He was declared bankrupt. During this bank and bond holders lost million of dollars.      At last in year1992 the project of Taj mahal prepackage bankruptcy plan . under this plan trump have to give 49%of share in the luxury hotel to the city bank. 1n the year 1994  trump had a personal debt of $900 million. With the personal debt he was also facing the business debt of$3.5 billion.