"Trump's Struggle to Secure $464 Million Bond Raises Bankruptcy Concerns"

TL;DR Summary
Former President Donald Trump's attorneys have stated that it is a "practical impossibility" for him to obtain a bond to secure the $464 million fraud judgment against him in New York. They have approached about 30 surety companies through 4 separate brokers, but have been unable to secure the bond, which would require cash or cash equivalents totaling about $1 billion. Despite claiming inability to afford the bond, Trump's attorneys argue that the attorney general doesn't need to worry about collecting the judgment, as Trump's real estate holdings greatly exceed the amount of the judgment.
Topics:nation#appeal-bond#donald-trump#fraud-judgment#legalfinancial#new-york-attorney-general#surety-companies
- Trump has been unable to get bond for $464 million judgment, his lawyers say NBC News
- Trump can't secure $454 million appeal bond in New York fraud case, his lawyers say CNBC
- Trump empire wobbles as legal experts raise concerns Trump may be ‘beholden’ to bond backers MSNBC
- Donald Trump May Be Closer To Bankruptcy Than It Seems Newsweek
- It Seems Trump Still Has No Idea How to Post That Massive Fraud Bond The New Republic
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