He had his own money on the line, and lost money, and other assets in these bankruptcies. Presumably the banks got their money at the end of the day.
He also had a lot of other peoples money.
“A group of at least 20 disgruntled former Trump Tower Tampa buyers plans to sue Donald Trump, accusing the New York tycoon of falsifying his role in the $300-million project that went bankrupt last year. “