Trump Entertainment Resorts Inc. has filed for bankruptcy for a third time. Donald Trump’s casino group filed for Chapter 11 bankruptcy protection on Tuesday, according to court documents.

 

The casino operator had approximately $2.06 billion in assets and about $1.74 billion in total debt on December 31, 2008, it reported in its filing with the U.S. Bankruptcy Court for the District of New Jersey.

 

Nine affiliates if the casino operator including Trump Plaza Associates, Trump Marina Associates and Trump Taj Mahal Associates concurrently required protection, in accordance with the filing.

 

In addition, the company let pass a $53.1 million bond interest payment that was due on December 1, because of a sudden decline in consumer spending that strongly affected casino revenues.

 

Donald Trump resigned from the company’s board on Friday night, after becoming disturbed by bondholders. He said that he had taken the decision because of several divergences with bondholders who wanted the casino group to file for bankruptcy.

 

Negotiations had already been extended four times in an attempt to reach an agreement that would offer the company some economic gasp.

 

After resigning from his post as board chairman, the 62-year-old business magnate explained that bondholders and their associates on the board would reduce the company to rubble.