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Is Trump bankrupt?

If Donald Trump files for bankruptcy, it certainly won't be the first time. For Trump Entertainment Resorts (NASDAQ: TRMP), the Donald has a deadline of today to renegotiated a $1.25 billion debt.

What's the big deal? It turns out that Trump Entertainment -- which owns the Trump Taj Mahal, Trump Plaza and Trump Marina in Atlantic City, missed a $53.1 million bond payment on December 1, and got a 30-day extension. The holders of 70% of Trump Entertainment's outstanding senior secured notes due in 2015 agreed to wait until today to exercise their rights related to the missed bond payment. And today is the day for coming to terms on another loan as well. The lenders involved in a $490 million loan agreement also agreed to wait until today to exercise their rights.

If Trump Entertainment files for bankruptcy today, it will only be the fourth time it's done so since 1991. The weak economy is not helping Trump Entertainment. In 2008, sales at The Taj Mahal fell 5.1%, those at Trump Plaza dropped 6.4% and Trump Marina sales fell 15.8%. One analyst thinks that Trump will get another extension on his payment.

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Best & Worst: Donald Trump: The man, the hair, the naming rights, the source of irritation

This post is written as part of AOL Money & Finance's Best & Worst 2006. If you'd pick Donald Trump as the most annoying money personality, be sure to vote for him.

A leading contender for the most annoying money personality crown for decades now, consummate self-promoter and real estate mogul Donald Trump is also the producer and star of the reality television show, The Apprentice, from which comes his widely imitated catchphrase, "You're fired."

Trump, also known as "The Donald," a nickname given to him by his former wife, Ivana Trump, is recognized by his usual squint, pursed lips, and that distinctive comb-over, which has been the subject of humor by many comedians, and it's a nominee in another category of the Best & Worst 2006.

Known throughout the 1990s for his much publicized financial difficulties and a high-profile and messy divorce from wife Ivana, he'd already begun a lifelong habit of naming things after himself. Besides Trump Tower and Trump Plaza, there are also such things as a Trump menswear collection, bottled water, vodka, a magazine, an ice cream parlor, and Trump University, a business school founded in 2005.

Not only does Trump reportedly receive $3 million per episode of The Apprentice, but he also headlines the Learning Annex's Real Estate Wealth Expos, for which he reportedly receives $1 million per one-hour seminar. In addition, he's a professional wrestling fan, often appearing ringside at WWE Wrestlemania events, and for the 2004 Emmy Awards he appeared in coveralls and a straw hat, singing the Green Acres theme along with actress/talk show host Megan Mullally.

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Last updated: February 11, 2012: 03:20 PM

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