'Chapter 33! Wow! That's rare,' he quipped.

That is uncommon in American business, according to Harlan Platt, a professor and bankruptcy expert at Northeastern University in Boston, who has followed Trump's casino bankruptcies for decades. It marked the third time that the three Trump casinos have filed for Chapter 11 protection. 'If I can't manage something, it's not for me,' Trump said.Īll three of the company's casinos will continue to operate as usual during the bankruptcy proceedings. Yet he said the company 'represents substantially less than 1 percent of my net worth, and has for some time.' He acknowledged being sad over the end of a venture that was so publicly and relentlessly associated with his name and image. 'Other than the fact that it has my name on it - which I'm not thrilled about - I have nothing to do with the company,' Trump told The Associated Press Tuesday morning. Trump was frustrated that bond holders and their allies on the board rebuffed his offer to buy the company and take it private. Bankruptcy Court in Camden, N.J., four days after the real estate mogul whose name remains on the company and its three seaside gambling resorts resigned as chairman of the board.

Trump Entertainment Resorts made the filing in U.S. The three Atlantic City casinos once run by Donald Trump filed for Chapter 11 bankruptcy protection on Tuesday - for the third time.

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