Donald Trump -- I Feel My Pain

2/17/2009 5:30 AM PST
The stock and housing markets have crashed, people are losing jobs by the thousands everyday. But now there is an undeniable marker of hard times: Part of The Donald has gone belly up.

Trump Entertainment Resorts Inc. filed for Chapter 11 this AM in a New Jersey bankruptcy court. The company had until today to reach an agreement with bond holders to restructure $1.25 billion in debt.

D.T. resigned from the board on Friday.