"Potential Seizure of Trump's Properties Looms Over $464M Bond Deadline"

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Source: CNN
"Potential Seizure of Trump's Properties Looms Over $464M Bond Deadline"
Photo: CNN
TL;DR Summary

Donald Trump faces a Monday deadline to secure a $464 million bond for a civil fraud judgment against him. If he fails, the New York Attorney General's office could begin seizing his assets, including bank accounts and properties, to cover the ruling. The process for seizing bank accounts is relatively straightforward, while seizing properties is more complex and time-consuming. Legal battles over out-of-state properties, such as Mar-a-Lago in Florida, could also unfold. Bankruptcy remains an option, but Trump is seeking to avoid it. If he doesn't come up with the money, his options are limited, and experts believe the situation is dire for the former president.

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