Word spread this week that Donald Trump’s eponymous casino firm, Trump Entertainment Resorts, has filed for chapter 11 bankruptcy. This isn’t the first time the real estate mogul has faced financial troubles, but the current economic crisis is like nothing we’ve ever seen. Wondering what will become of dear Donald, we turned to wOw intuitive Peggy Rometo.

wOw: Donald Trump recently declared bankruptcy. We’re interested: will he find his way back?

Peggy: This man is resilient and golden. He sees the time period as an opportunity to let go of underperforming assets. He’s very matter-of-fact regarding it. His inability to pull off his recent financial positions in real estate really come from blind spots that are not entirely his fault, but who he’s partnered with. He’s been in situations like this before, and has learned from them. He’s better protected this time and has taken precautions upfront to minimize personal risk. It’s such a small piece of his true wealth. The stagnation I’m seeing is not so much his doing as the overall landscape of the economy. He’ll continue to feel the crunch like everyone else. But will make a bigger splash again — two to three years at most.  He will be a larger force to be reckoned with.  I don’t ever see him leaving the scene of real estate.

wOw: Will he need to sacrifice his own life style?

Peggy: No. He has learned how to protect his personal wealth from previous downturns. This bankruptcy almost feels like a bit of joke — he can let go of things, take advantage of timing, a good moment to be smart in business and shed certain properties. I think he feels more irritated and ready to get on with what is next.

wOw: What do you feel when you ask about his energy?