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.
16. 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.
Posted at 11:59AM on Feb 17th 2009 by Rob
17. Zara:
Chapter 11 is a chapter of the United States Bankruptcy Code, which permits reorganization under the bankruptcy laws of the United States.
Posted at 12:07PM on Feb 17th 2009 by Henst
18. >>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."
Posted at 11:00AM on Feb 17th 2009 by Lord Xenu>>
Hey Lord Xenu, you're absolutely wrong !! Trump was on record for months as a supporter of your boy McCain during the campaign. It was only after Obama took the GOP to the cleaners after his win that Mr. Opportunistic Trump began to say some decent things about him. Fairly recently, in fact. Like the other obnoxious and selfish-assed Republicans, he followed the party line by saying that even though he did not support Obama for president, he is going to support him in the presidency because he doesn't want the country to fail.
So, Dumbass Lord Xenu, (great name by the way. It just shows just how out of touch and clueless you really are.), do your damned research before you go off spouting your mouth and your hatred.
You diehard GOPers really need to get a clue fast. This hatred of yours is the reason why you lost so damned bad.
Posted at 12:35PM on Feb 17th 2009 by ObamaFan
19. Trump is a perfect example of the power of the press. He and Ivana were just another rich New York couple until they hired a publicist. And America still thinks that Trump is a brilliant busnessman even though he fails and fails and fails. He's about as real as all of the other American Reality TV "Stars".
Posted at 6:47PM on Feb 18th 2009 by wickedorchid
20. Donald is the only guy I know that can lie and talk out of a square MOUTH--- What a COMPLETE A--HOLE this guy is??? Nothing but a WALL ST. PIG No better than MADOFF- He gained wealth from the BOTTOM of the BARREL
Posted at 1:26PM on Feb 17th 2009 by Raffaele Zuccaro
21. Omaba Fan: I couldn't agree more. Great post! As far as this idiot Trump....this is karma at it's best, and I think we're going to see more of this in the coming year(s). These fat cats are going to be exposed one by one. The jig is up. As a woman, I can't stand to listen to this pompus jerk. If you're not a size 0, and look like a super model, you are fat & ugly, and he'll be the first to tell you that to your face. Again,,,,,,bring on the karma!
Posted at 2:07PM on Feb 17th 2009 by Spartanmom
22. Just like a cowardly corporate, he ran off and left them holding the bag. Sound like Maddox. Oh well, I guess canlt buy anymore wives.
Posted at 12:07AM on Feb 18th 2009 by Proud American
23. Lord Xenu is an idiot - I saw Trump touting McCain alot last summer. It was only when it was clear that Obama was going to win that Trump started kissing Obama's butt. McCain and Trump, both losers who put our economy where it is today.
BOYCOTT THE APPRENTICE and maybe he will go away.
Posted at 5:24PM on Feb 17th 2009 by Weegee
24. ARE YOU KIDDING ? HELL, HE JUST CLAIMS HE'S HARD HIT SO HE CAN WRITE ANOTHER BOOK. I'M SURE THAT SELF-ABSORBED SQUIRREL HAS MONEY HIDDEN ALL OVER THE FRICKING GLOBE, INCLUDING UP HIS OWN BUTT.
I JUST WISH HE'D SHOVE SOME IN HIS MOUTH SOMETIME... STOP HIM FROM FLAPPING HIS MOUTH SO MUCH.
Posted at 10:55PM on Feb 17th 2009 by lorri
25. Anyone that classifies Khloe Kardashian and Melissa Rivers as "Celebrities" is a two-bit retard who probably can't count the tacky naked cupids spitting water in his fountain. No wonder he's broke. What a tool.
Posted at 1:37AM on Feb 18th 2009 by Bobby
26. 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.
Posted at 7:23PM on Feb 23rd 2009 by jackson
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