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Tuesday, February 17, 2009

Trump to file bankruptcy - Malaysiakini

If the casino operator's board cannot decide whether to file for bankruptcy or not, the company will be forced into bankruptcy by its creditors. -- PHOTO: TRUMP CASINOS


PHILADELPHIA - TRUMP Entertainment Resorts, Donald Trump's casino group, is expected to file on Tuesday for bankruptcy, The Wall Street Journal reported.

The company's board was scheduled to meet late Monday night to decide whether to authorize the filing, the newspaper reported in its online edition. Otherwise, the casino operator would be forced into bankruptcy involuntarily by creditors, the newspaper said.


Such a filing would mark the third appearance in bankruptcy court for Trump Entertainment, which most recently emerged from bankruptcy proceedings in 2005, the newspaper said. -- REUTERS

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