KEY POINTS
- Donald Trump should have pledged real estate to the courts if he were “truly unable” to secure a bond, the New York attorney general’s office said.
- Instead, Trump claimed it was “impossible” for him to get a bond using his properties, but did not provide any hard evidence for this, the AG’s office said.
Donald Trump should have pledged real estate he owns as collateral against a $464 million business fraud judgment if he were “truly unable” to secure an appeal bond for that amount, the New York attorney general’s office said in a court filing Wednesday.
Trump also failed to provide evidence supporting his claim this week that it was “impossible” to obtain an appeal bond by using the properties as collateral, a lawyer for AG Letitia James wrote.
“Defendants supply no documentary evidence that demonstrates precisely what real property they offered” to potential insurers," wrote Dennis Fan, senior solicitor general in the AG’s office, in the filing to Manhattan appeals court judges.
Nor did they report “on what terms that property was offered, or precisely why” bond insurers “were unwilling to accept the assets.”
Out of the whole shitstorm surrounding orange man rn, this is the one I pin my hopes on to bring him to his knees first. 🤞
Would be hilarious if they confiscated and evicted him from Mar-a-Lago.
This is the only one he cares about. His identity is about to disintegrate.
It really has the possibility to not only hobble his campaign and his ego, but to also mentally unbalance him even further since he’s built his entire personality around being rich. He’s almost certainly in a situation where he will end up having to declare bankruptcy
Declare bankruptcy again*
This is different.
Trump’s companies have declared corporate bankruptcy, which gave them time to restructure.
But corporate bankruptcy won’t work this time, because Trump is personally on the hook. So he would have to declare personal bankruptcy.
And that’s a whole different process, where creditors get in line to take your belongings. Alex Jones and Rudy Giuliani are going through it, and Trump definitely does not want to.