"The Donald" has been in this predicament before ... only to rise from the impending ashes and make millions of more $$ from playing the bankruptcy card.

In my layman's opinion ... the bankers aren't going to be left with holding this bag of debt. They will probably capitulate (again) and restructure his loan in order to keep him solvent.

".... would see his stake in the company shrink from 56 percent to 25 percent, with Credit Suisse owning more than two-thirds of the company...."

a 25% stake in the company is better than 0%

My money is on "The Donald".