The casino companies appeared before bankruptcy court four times, and Trump persuaded bondholders to accept less money while he still added debt to his businesses.According to financial filings, Trump pulled in more than $1 million for himself from his failing public company.In the early 1990s, he narrowly avoided 'financial ruin,' by taking his debt-riddled companies public, and shifting his losses onto stockholders. Trump's casinos posted losses year after year.Trump shifted personal debts to his casino businesses, and collected huge salaries and bonus payments while shifting much of the risk onto his investors, according to The New York Times.

Here's what The New York Times found about the way Trump handled his businesses: Overall, profits at Trump's Atlantic City casinos 'consistently lagged,' behind his competitors, according to the Times. One of Trump's Atlantic City casinos, the Trump Plaza Casino and Hotel, is now shuttered, and another one, the Trump Taj Mahal, is under new ownership. What remains of the Trump Plaza Casino, Atlantic City, New Jersey.

Account icon An icon in the shape of a person's head and shoulders.