Bankruptcy's repeat offenders

Many big companies have managed to emerge from Chapter 11, but it's a lot harder to bounce back from a second bust...or a third.

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Trump Entertainment Resorts - Three times
Trump Entertainment Resorts - Three times
Will the third time be a charm for this beleaguered gambling chain? Trump Entertainment Resorts, which owns three casinos in Atlantic City, N.J., filed its third bankruptcy -- known in legal circles as a "Chapter 33" -- in February.

Donald Trump, who no longer runs the company, forged a deal in August to buy it back for $100 million, vowing to make the casinos thrive again.

But the deck is stacked against him: "I can't think of one company that has gone through bankruptcy three times and is still around," says Kevin Lavin, a senior managing director at FTI javascript:controllerDisplay.editSlide(1,2);Consulting.
By Mina Kimes, writer-reporter

NEXT: US Airways - Two times
Last updated August 25 2009: 10:25 AM ET
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