Donald Trump‘s Atlantic City finance guys better figure out a way to pay his casinos’ debt fast!
Back in early December, we mentioned that The Apprentice host’s casino company didn’t have the money to pay the $50+ million he owed on a loan payment.
They were then actually granted permission to skip the mega payment for the month and given some time to work out a new way to pay the casinos’ debts.
Well, in two weeks, Trump’s people need to tell their lenders how they’re going to pay back the larger outstanding debt of $1.2 billion.
Analysts say that if the debt is not restructured to give the company more breathing room, it will have to seek protection in bankruptcy court.
If things head in that direction, it would be the Trump casinos’ THRID go-around in bankruptcy court.
The Donald’s getting hit hard by this shit economy!
[Image via WENN.]