We start our bankruptcy roundup with Donald Trump, who, for once, may not be pleased to be receiving top billing. That’s because his casino company, Trump Entertainment Resorts, filed for bankruptcy protection for the third time early Tuesday–just hours before bondholders apparently planned to force the company into bankruptcy over $53 million in late interest payments, Bloomberg reports.
Like many before him in the last six months, Trump has turned to Weil, Gotshal & Manges for representation in his Chapter 11 case. Weil partner Michael Walsh is leading the firm’s team. He was not immediately available for comment. Trump does have some history with Weil; the firm advised the magnate-turned-reality-TV-star in June on the $316 million sale of one of his Atlantic City casinos (Trump Marina Hotel Casino) to a real estate investment firm.
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