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Trump does not have the cash to secure a bond that would delay enforcement of the $464 million judgment while he appeals, his lawyers say. No bonding company will accept real estate — which accounts for most of Trump’s wealth — as collateral. If no bond is posted by Monday, New York Attorney General Letitia James (D) could move to seize his assets, including bank accounts or properties such as Trump’s Manhattan office tower at 40 Wall Street.
“He’d rather have Letitia James show up with the sheriff at 40 Wall and make a huge stink about it than say he’s bankrupt,” one of the people close to Trump said. “He thinks about what is going to play politically well for him. Bankruptcy doesn’t play well for him, but having her try to take his properties might.”
https://www.washingtonpost.com/politics/2024/03/20/trump-bond-bankruptcy/
“He’d rather have Letitia James show up with the sheriff at 40 Wall and make a huge stink about it than say he’s bankrupt,” one of the people close to Trump said. “He thinks about what is going to play politically well for him. Bankruptcy doesn’t play well for him, but having her try to take his properties might.”
https://www.washingtonpost.com/politics/2024/03/20/trump-bond-bankruptcy/