Trump Entertainment Resorts may actually make a run at emerging from bankruptcy. According to a report on Bloomberg.com on Thursday, the unsecured creditor’s panel has reached a deal with Trump Entertainment that will immediately resolve disputes over the company’s restructuring plan and will help the company to emerge from bankruptcy.

Originally, the unsecured creditors objected to the current reorganization plan in place by lenders because they were to only get a split of $1 million. This equaled less than one percent of total debts owed. In the new negotiation, the fund to pay those creditors has been increased to $3.5 million.

Creditors Will Stand Down from Litigation But Union Appeal Remains

According to Karen A. Giannelli, lawyer for the unsecured creditor’s committee, the settlement allowed them to support the restructuring plan in place. This plan will give primary debt holder Carl Icahn complete control of the Trump Taj Mahal casino in Atlantic City. Icahn brokered a similar deal to take over the Tropicana Casino and subsequently turned them profitable.