Bankruptcy Filed For Trump Entertainment

Trump Entertainment has officially filed for Chapter 11 bankruptcy this morning. Now comes word that the Trump Taj Mahal may also shut down by November 13th.According to the Atlantic City Press, The company listed assets and liabilities of between $100 million and $500 million in its petition in a Delaware court.

The Taj Mahal may also close on November 13th, or sometime shortly after the 13th.  The cost-cutting negotiations with the main casino workers' union have  been put on hold. The Taj Mahal currently has close to 2,800 workers. If the Trump Taj Mahal were to shut down, it  would be the 5th casino to close in Atlantic City.