Trump's Legal Battles: Hurdles in Appeal Bond, Asset Seizure Threat, and NYC Boycott Reversal

1 min read
Source: CNBC
Trump's Legal Battles: Hurdles in Appeal Bond, Asset Seizure Threat, and NYC Boycott Reversal
Photo: CNBC
TL;DR Summary

Former President Donald Trump faces the challenge of securing a bond worth over $540 million to appeal a New York business fraud case ruling, which threatens to erase most of his claimed cash. However, using his properties as collateral may not be feasible, and potential bond companies may be hesitant due to his status as a presidential front-runner and previous legal challenges to his business practices and wealth claims. Trump's lawyer has indicated they will secure a bond, but the process could be complicated, and liquidating assets may pose difficulties.

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