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Bond Payment

All articles tagged with #bond payment

legalpolitics1 year ago

"Legal Analyst and NY AG Question Trump's $175M Bond Deal"

Legal analyst Glenn Kirschner suggests that former President Donald Trump's $175 million bond payment, posted to appeal a civil fraud ruling against him, may be in jeopardy due to missing paperwork and questions about the sufficiency of the surety backing it. New York Attorney General Letitia James has raised concerns about the backing entity, Knight Specialty Insurance Company, and a hearing set for April 22 could bring increased scrutiny to the bond's questionable background, potentially imperiling Trump's appeal efforts.

via Newsweek|
#bond-payment#civil-fraud#donald-trump
business1 year ago

"Billionaire Don Hankey's Firm Backs Trump's $175 Million Bond in Fraud Trial"

Don Hankey, an 80-year-old billionaire who made his fortune through car dealerships and subprime auto loans, provided a $175 million bond for former President Donald Trump's New York civil fraud case through his insurance company, Knight Specialty Insurance. Hankey, who has never met nor spoken with Trump, is richer than the former president and has a history of providing financing to subprime borrowers. The bond, essentially a placeholder, will guarantee payment if the judgment against Trump is upheld on appeal, with Trump potentially paying up to $3.5 million annually for the bond guarantee.

via CBS News|
#bond-payment#business#don-hankey
legalpolitical1 year ago

"Letitia James Forced to 'Eat Every Single Tweet' as Appeals Court Slashes Trump's Bond"

Former President Trump's legal spokesperson, Alina Habba, criticized New York Attorney General Letitia James for her tweets after an appeals court slashed Trump's bond payment in a civil fraud case from $454 million to $175 million, saying the decision will be reversed. Trump has vowed to abide by the appeals decision and post the reduced bond, which would prevent James from seizing his assets as he continues to appeal the judgment. Trump also criticized Judge Arthur Engoron and James, claiming their credibility has been shattered.

via Fox News|
#appeals-court#bond-payment#civil-fraud-case
politics1 year ago

Trump's High-Stakes Week: $464m Bond Deadline and Legal Troubles

As Donald Trump faces a $464m bond payment deadline, social media users have dubbed him "Don Poorleone" in reference to "The Godfather," with memes and posts circulating online. The former president must comply with a New York civil court ruling that found him guilty of fraud, with the deadline set for 25 March. Despite his legal team claiming he lacks the funds, Trump has stated he has "almost five hundred million dollars in cash" and has sought donations from supporters. The situation has sparked discussions about his financial woes and led to further social media commentary and speculation.

via The Independent|
#bond-payment#donald-trump#financial-troubles
legalpolitics1 year ago

"Trump's Legal Battle: Escaping Bond and Asset Seizure Challenges"

Former President Donald Trump's legal team opposes the New York attorney general's suggestions for how he can pay bond, arguing that the proposed methods are impractical and unjust. The attorney general's office has given Trump four days to satisfy the judgment or seek a smaller payment amount, with the threat of seizing assets if no arrangement is reached. Trump's lawyers assert that the demands are unreasonable and unconstitutional, and that being forced to sell properties at a fire sale would cause irreparable injury.

via CNN|
#bond-payment#court-filing#donald-trump
business2 years ago

Country Garden's Bond Payment Failure Raises Default Concerns in China

Chinese property developer Country Garden has failed to make a $15.4 million interest payment on a dollar bond, marking a significant decline for a company once considered one of China's safest developers. This missed payment could trigger cross-defaults on its other international debt, as Country Garden had approximately $15.2 billion of international bonds and loans outstanding as of June. The company's financial struggles raise concerns about the future of unfinished megadevelopments like Malaysia's Forest City.

via The Wall Street Journal|
#bond-payment#business#china
business2 years ago

China Evergrande's Debt Crisis Sends Shockwaves Through Chinese Stock Market

Shares of China Evergrande Group dropped for a second consecutive session after its subsidiary, Hengda Real Estate Group, missed a 4 billion yuan ($547 million) bond repayment. This comes after Evergrande announced its inability to issue new debt due to an ongoing investigation into Hengda, causing a 22% plunge in its share price. Evergrande has been grappling with a series of financial setbacks since its default on offshore debt obligations in 2021 and has been seeking creditors' approval for a $31.7 billion debt restructuring plan.

via Reuters|
#bond-payment#business#china-evergrande