Trump Entertainment, the casino company founded by Donald Trump, filed for bankruptcy on Tuesday according to court documents.

The casino operator had assets of about $2.1 billion and total debts of about $1.74 billion on Dec. 31, 2008, it said in its filing with the U.S. Bankruptcy Court for the District of New Jersey.

The filing reveals that the company has assets of $2bn and total debts of $1.7bn. Its biggest creditor is US Bank, which is acting as agent for the bondholders in the group. The group of bondholders could not be reached for comment but they are owed $1.3bn, according to the filing.

Donald Trump resigned as chairman of the board on Friday 13th Februaary as he did not agree with the actions of bondholders, many of which backed the company when it exited bankruptcy last time. Trump’s daughter Ivanka Trump also resigned from the board. According to a recent SEC filing, Trump holds 28% of the company’s stock.

A bankruptcy filing by Trump Entertainment would be its third appearance in bankruptcy court, as the company most recently emerged from bankruptcy proceedings in 2005.

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