"Trump's Financial Dilemma: Exploring Options to Settle $540 Million Legal Judgments"

1 min read
Source: CNBC
"Trump's Financial Dilemma: Exploring Options to Settle $540 Million Legal Judgments"
Photo: CNBC
TL;DR Summary

Donald Trump is facing legal judgments totaling nearly $540 million and is exploring options to secure the funds without having to put up the full amounts in cash or bonds. His lawyers claim that he can't simply post a cash deposit and suggest that he could offer up some of his properties as collateral to borrow the needed funds from private lenders. However, the challenge lies in finding clean real estate assets that are not already securing other loans. Trump has until March 25 to post an "undertaking" to stop the penalties from taking effect during his appeal, and he may need to consider selling off properties to raise the necessary capital.

Share this article

Reading Insights

Total Reads

0

Unique Readers

0

Time Saved

5 min

vs 6 min read

Condensed

89%

1,028112 words

Want the full story? Read the original article

Read on CNBC