Monday, February 16, 2009

Donald Trump Bankrupt?

Donal Trump's Trump Entertainment Resorts Inc. could be filing bankruptcy soon. The company has until tomorrow February 17th to make a $53 million bond payment. The bondholders may force the company into involuntary bankruptcy this week. Donald Trump and his daughter Ivanka have resigned from the board. It has been reported that Trump owns 28% of the stock. In recent quote Donald stated "“I have nothing to do with it. I’m not in it, I’m not on the board,” Trump, who was chairman, said in a telephone interview". He also stated that he had "no idea” if there would be a bankruptcy filing. (bloomberg.com)

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