"Trump's Dwindling Options: Deadline Looms for Massive Bond and Seized Assets"

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Source: NBC News
"Trump's Dwindling Options: Deadline Looms for Massive Bond and Seized Assets"
Photo: NBC News
TL;DR Summary

Donald Trump faces a looming deadline to post a $464 million bond for a civil fraud judgment, with options narrowing to meet the requirement, including selling off properties or declaring bankruptcy. The judgment stems from a lawsuit brought by the New York Attorney General, and if Trump fails to meet the deadline, the AG can start collecting on the judgment. Trump's attorneys argue that obtaining a bond for the full amount is a "practical impossibility," while the AG's office contends that Trump has valuable assets and could pay the judgment if needed. The former president's other potential avenues, such as appealing to a mid-level court or seeking bankruptcy protection, also face challenges.

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