Trump Entertainment May File Bankruptcy, Says WSJ

From Reuters:

PHILADELPHIA - Trump Entertainment Resorts Inc, Donald Trump's casino group, is expected to file Tuesday for bankruptcy, The Wall Street Journal reported.

The company's board was scheduled to meet late Monday night to decide whether to authorize the filing, the newspaper reported in its online edition. Otherwise, the casino operator would be forced into bankruptcy involuntarily by creditors, the newspaper said.

Read the whole story from Reuters

Comments

[thunder2u]

its not surprising since so many large comapnies are folding , if i remeber right trump did make his fortunes by investing in real easte the very industry thats choking in this economy

http://kalidascopenews.com/

[tbirdalum]

I guess the Don is getting ready for a bailout request.

[NixModern]

Great.

[Berserkowicz]

This ego monkey will have a huge heap of his borrowed-f­rom-the-ba­nks fortune rat-holed away in secret foreign accounts where it can't be touched.

[MoeJava]

bankruptcy for the Donald?
You're fired, sir!

[Tom95134]

Good.

[dukeitout]

Geez Donald: 3 bankruptcies in just a few years. You're giving the Wharton School of Business a bad name. How 'bout using a pseudonym or changing your name next time you start a business.

[DKLabRat]

I'm watching with interest and hoping he goes down in flames. Then, perhaps, his disgraceful plan to destroy some of the loveliest Scottish countryside will never happen. It only went through because of the way he and his team bullied and bribed their way through the planning process.

[aweissnet]

He knows how to play it. That's why he's rich. He was making money out of his casinos way back when, while avoiding the bills for renovations or construction, utilities, etc. years ago. Didn't we all know that?

Yeah, bankruptcy is a last option. Only for poor folk. And don't you dare actually have anything, like this dude.

[Dave27]

He "fired" himself from the board, so when it goes bankrupt, he can get away with the money he, hmmm, what's the word, hmmm,....

[schatsie]

Yup, the donald will get the GOLDEN PARACHUTE!

[ErnestineBass]

So whazzup with the golf course he wanted to build in Scotland? Or was it Ireland?

[Dave27]

Scotland, and I think a shire council turned down his plan.

[DKLabRat]

By one vote. And then the guy who voted against and got it thrown out was sacked and vilified by the local press. It was referred to the Scottish government and passed. Amid a lot of evidence of very dodgy contacts between their leader and Trump's team. Basically they bribed and bullied their way into it. Their reaction in front of the cameras whenever they hit a stage that went against it was wonderful to behold - like little kids who couldn't believe they weren't getting their own way and having a tantrum.

[janeInCA]

Did he already file bankrupcy once or twice before?

[ErnestineBass]

Yep.

Now if NBC would just cancel that dumbazz show of his.

[joyf1]

Feh! That no good has been living high on the hog with everyone else's money. Time to go.

[aweissnet]

That won't happen, only in our dreams.

[jerrypl]

So, how many times do we allow Trump to go bankrupt before we tell him he is done borrowing money. Now Trump, it is time for a real job. If Trump is allowed to write off losses, and his corporations have the rights of a person, which they do, then every American should be allowed to write off the losses they are taking on their investment portfolio, home values and everything else that has evaporated in their lives.

The only way real Change is going to happen for Americans is for every American to write their Congressperson and Senator telling them that they are done, DONE!! buying anything unless it is needed for day to day living, and will not borrow a penny unless it is extremely necessary, and it will be only from a local lender. Take a severe haircut on your spending.

These people are afraid to hear this talk!! They are totally afraid of deflation. They desire inflation in order to increase price asset values--build another bubble. Say no to it.

http://eye-on-washington.blogspot.com

http://consumerreform.blogspot.com

[aweissnet]

Good thoughts, won't happen. The rich take care of their own.

I figured out the recipe for money. It's not hard work, skill or intelligence. It's greed, egocentrism, and lack of humanity.-­-in other words, you have to skroo over everybody in your way, or not.

This system will not change until something truly devastating occurs.

[schatsie]

Yes I can tell you that my ex father in law would rather FEED HIS EGO by giving 5 million to a hospital than helping out with his GRANDSON's education or his great granddaughters autism....­.

[mostimpressive]

Ya fired!