Trump Entertainment Resorts has filed for bankruptcy and threatened to close the Taj Mahal Casino resort if its unions fail to cooperate with bargaining. The company filed in U.S. Bankruptcy Court in Wilmington, Delaware, saying it has liabilities of more than 100 million dollars and assets of not more than 50,000 dollars.
The firm runs two Atlantic City casinos, the Trump Taj Mahal and the soon-to-close Trump Plaza.The Taj Mahal has had financial problems, and Trump Plaza is scheduled to close next week.The bankruptcy is the fourth for the company or its corporate predecessors.
