Trump Entertainment Resorts Inc. has filed for bankruptcy for a third time.
   
The company filed for Chapter 11 protection in the U.S. Bankruptcy Court in New Jersey. Tuesday was the company’s deadline to reach a new deal with bond holders to restructure $1.25 billion in debt.
   
Donald Trump had resigned from the company’s board Friday night, after growing frustrated with bondholders.
   
Talks already had been extended four times to try to reach a deal to give the company some financial breathing room.
   
The company has $1.74 billion in debt and $2.06 billion in assets, according to a court filing.

(Source: 1010WINS)