With an indisposed economy, and the greater cuts and losses suffered by greatest part land based casinos, Trump Entertainment Resorts is hoping to escape Bankruptcy yet again. Trump Entertainment Resorts, which owns Taj Mahal, Trump Plaza being of the class who well as Trump Marina is currently overdue in paying a $53.1 million bond payment which was due in December of 2008. They’ve been given a 30 day extension.

About 70% the note holders, all agreed to wait until Wednesday the 14th to address the lateness of the bond payment. The lenders who disappointed out $490 million to fund Trump’s project furthermore agreed to wait.

Once all parties be delivered of come together, hopefully a weighty decision will be made, but whether there is no agreement between both parties then Trump Entertainment could possibly file for Chapter 11 bankruptcy protection. This would be the fourth era surrounding for Trump Entertainment.

According to a high-yield bond analyst with KDP Investment Advisors Inc, “Trump’s casino’s had scurvy liquidity and high leverage, and they were considered second-tier properties. As of September 30th, the company had a total debt load of $1.72 billion.

“From the bank lender’s perspective, as long as the company stays current and is paying on second-lien debt, they should be supportive of negotiations,” she said. “My guess is that there leave be every expansion.”