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How Trump manoeuvred his way out of trouble in Chicago

By David Enrich, Russ Buettner, Mike McIntire and Susanne Craig
New York Times·
15 mins to read
How Trump manoeuvred his way out of trouble in Chicago
Ivanka and Donald J. Trump at a ceremony for his Chicago tower in 2008. His lenders have forgiven about US$270 million in unpaid debt related to the Chicago project. Photo / AP

When his skyscraper proved a disappointment, Donald Trump defaulted on his loans, sued his bank, got much of the debt forgiven — and largely avoided paying taxes on it.

The financial crisis was in full swing when Donald Trump travelled to Chicago in late September 2008 to mark the near-completion

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