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Donald Trump -- I Feel My Pain

2/17/2009 5:30 AM PST BY TMZ STAFF

Donald TrumpThe 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.

26 COMMENTS

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1.

jason    

this is the same clown that said he would help out my friend ed mc mahon, what does he do, he parades ed mc mahon around for his own celebrity status. this monkey and his heirs are set for life. these kind of guys are so tight you can't squeeze nothing out of them. but its all good their days of manipulating are coming close to and end. I know this because i have inside sources that say the system that they manipulated will come back in an evil and cruel way.

1980 days ago
2.

jr70895    

Ha Ha Btches!!! "loosing jobs"

1987 days ago
3.

cheriroyale    

The uneducated "writers" at TMZ strike again! It's "losing," not "loosing." Two words for you imbeciles: GRAMMAR CHECK.

1987 days ago
4.

dr. drrrrrinks    

i bet this phoney doesn't have ten dollars in his pocket. he is owned by so many banks and investment funds

1987 days ago
5.

PEPSI Generation    

IT was a hit...I was being real nice to everyone NOW i`am in hidding...they killed my double stunt stand in extra...MICKEY set it all up he was pissed off at some one back into retirerment.

1987 days ago
6.

early riser    

The company filed for bankruptcy because even though Donald Trump offered to buy out the company (he only had a 28% ownership) the board of the company refused.

1987 days ago
7.

Carrys F.    

He's filed for bankruptcy before. Who the hell is DT????

1987 days ago
8.

PEPSI Generation    

TRUMP`s florida digs are our fav place 2 BUZZARD turkey!.

1987 days ago
9.

PEPSI Generation    

The public pays when TRUMP goes broke again and again and again.He makes a living just as maddoff did only he files all the paperwork for a goverment bail out.SORRY IOU 100 million but I`LL still setup shop again and again scam artist whom hollywood backs up and so doe`s the governatorSS.Howard Hughes`s was the only one man companie and look what the CLUB did to him.Power club hollywood Masonic broadcasterSS.

1987 days ago
10.

maria    

This is why America is falling apart. When Richy-Rich can't squeeze any more profit out of a business, he dumps it and we all pay. Then he starts over (again, with our money), makes another bag of money, declares bankruptcy yet again, and again we pay pay pay. Great system.

1987 days ago
11.

SUN    

#9 Is so correct, this is exactly what these bog corporations do. When the CEO's are done milking the company, they go belly-up and have the government bail them out, and leaving stockholders bankrupt, because they have filed bankruptcy, and there isnt anything that can be done legally. The CEO/companies then re-group and start another venture and the system starts all over again. I personally think many companies are using the economy now, to let go of people and re-negotiate the wages of those that remain working. Grant it, the economy is bad, but when they start lowering the salaries of the CEO's, then it will seem more believable.

1987 days ago
12.

Lord Xenu    

This clown was a big supporter of El Presidente Obama, Im suprised he didnt hit BO up for part of the bailout money by declaring himself a "bank".

Donald Trump on President Barack Obama has done well so far. "We hope Obama is going to be better," he said. "I think he is going to be better. He's off to a good start, and we have to see what happens with the stimulus."

1987 days ago
13.

Anita    

Chapter 11 means RESTRUCTURING for a business.

It does NOT mean bankruptcy, you idiots.

1987 days ago
14.

Anita    

DT is worth around S 5 billion dollars.
Chapter 11 means no one can touch this particular corporation until they're ready to move on.
It's a smart step for a business during tough conomic times.

1987 days ago
15.

Henst    

Zara:
Chapter 11 is a chapter of the United States Bankruptcy Code, which permits reorganization under the bankruptcy laws of the United States.

1987 days ago
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