Trump Entertainment Files For Bankruptcy Again
Donald Trump‘s Trump Entertainment Resorts Inc. has filed for Chapter 11 bankruptcy for the third time.
Bondholders had threatened to force the company, which most recently emerged from Chapter 11 protection in 2005, to file again, The Wall Street Journal reported Tuesday.
Billionaire developer Donald Trump, who holds 28 percent of the company’s stock, resigned from his role as chairman of the board Friday. Trump’s daughter, Ivanka Trump, also removed herself from the board, the Journal said.
Company stock has fallen from more than $4 a share a year ago to around 23 cents a share.
“Some time ago, I made an offer to buy the company in the hopes that I might be able to reverse its fortunes but the bondholders turned me down,” Trump said in a recent statement. “Now I will study and watch as the horrible and outrageous fees being paid to lawyers and consultants will suck the blood from the company,” he said, adding someday “I hope to return.”
Wow, this is awesome. Our economy sucks and the billionaire Trumpster is worried about his little company. How sweet.
[image: WENN]
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what a scumbag! Ask the peple of Tampa Bay what they think of Trump.
They are still trying to get their money back.
you better hang on to some of your money Trump because Katie Rees is going to take a chunck of away! Go get this clown Katie and good luck!