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Trustee Needs More Time to Object to General Unsecured Claims in the Trump Entertainment Resorts Inc. Clawback Suits

February 24, 2017, New York – The trustee in Trump Entertainment Resorts Inc.’s Chapter 11 case urged a Delaware bankruptcy court that he needs more time to decide whether to object to what’s left of the $1.9 billion in general unsecured claims asserted against the former casino operator in Atlantic City, New Jersey. The trustee Nathan A. Schultz requested the court for an additional 180 days to object to remaining general unsecured claims. The trustee stated that approximately 900 proofs of claim asserting more than $1.9 billion in general unsecured claims had been filed against the debtors and to date, the trustee has been able to expunge or otherwise resolve approximately 748 of such proofs of claims totaling almost $1.7 billion. The trustee further claimed that despite his best efforts, he has not yet completed the process and, therefore, may not be able to fully reconcile all general unsecured claims before the claims objection deadline. The trustee requested an extension of time until August 23, 2017. No objections were filed so far against the trustee’s motion for entry of an order extending the period to object to claims. The objection deadline was March 10, 2017.