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Donald Trump is close to turning over a big chunk of his real estate empire to the banks that helped him build it, banking sources and an aide to Trump confirmed.
In return, Mr. Trump will no longer be held responsible for hundreds of millions of dollars of bank loans that he personally guaranteed. Some Debt Forgiveness
In some cases, there would be an outright forgiveness of debt owed on properties by the Trump Organization, banking sources said.
Mr. Trump resumed negotiations...