"NY AG Warns of Seizing Trump's Properties Over $454M Civil Fraud Debt"

TL;DR Summary
New York Attorney General Letitia James warns that Donald Trump's properties could be seized if he fails to pay the nearly $454 million civil fraud penalty, which is increasing by $87,502 per day in interest. Trump denies wrongdoing and plans to appeal, potentially delaying the enforcement of the penalty. The state could seize his assets if he can't pay, and Trump's ability to cover the debt is uncertain, with most of his net worth tied up in properties and investments. If he can't post a bond or meet bonding requirements, he may file for bankruptcy to take advantage of the automatic stay on collection.
Topics:nation#appeal#asset-seizure#civil-fraud-penalty#donald-trump#legalfinancial#new-york-attorney-general
- Trump’s properties could be seized if $454 million civil fraud debt not paid, warns NY AG James PBS NewsHour
- Judge in Trump civil fraud case denies request to delay $355 million penalty Fox News
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- Letitia James says she will seize Trump’s assets if he fails to pay $355m fraud fine The Guardian US
- Judge denies Trump's request to delay enforcement of $355M fraud case penalties ABC News
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