Documents List Trump’s Debts at Hefty $3.21 Billion

If Donald J. Trump held a fire sale of all his properties, his accountants say, he’d be nearly $300 million in the hole, according to documents released Wednesday that for the first time reveal details of Trump’s financial woes.

The documents, including a June financial analysis for Trump’s lenders by the accounting firm Kenneth Leventhal & Co., also forecast that if Trump had not gotten a bailout deal from his bankers, he would have lost money on the operations and financing of virtually everything he owns in the coming year, or a total loss of nearly $175 million.

And the accountants place much lower values on several trophy properties--including the landmark Plaza Hotel, the Trump Shuttle and a 76-acre site on the Upper West Side of Manhattan--than Trump had estimated, even if they are sold under non-emergency conditions in the next few years.

The filings, released by the New Jersey Casino Control Commission after Trump’s lawyers lost a court battle to keep them sealed, paint an even bleaker picture of the far-flung Trump empire than has been widely portrayed. The documents are part of Trump’s application for approval of his recent $65-million credit agreement with the banks.

The hundreds of pages of documents released this week provide astonishingly detailed financial descriptions of the once-high-flying deal maker’s empire.