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No, the notice of appeal is already filed.He has to pay the bond before he can appeal. He can't. All the surety companies require collateral and Trump has none.
Not how it works. See above post.^He can't pay the bond, para bellum. There is nothing to appeal. He pays and he plays, he folds and his gold is gone.
Not on the bond.No, the notice of appeal is already filed.
The bond is for an automatic stay of the judgement. If the appellate division doesn't grant a discretionary stay or reduce the bond, it means the AG can begin enforcement.
The appeal still goes forward.
It is pretty unlikely the appellate division doesn't reduce the bond or grant a discretionary stay.Not on the bond.
And the State moved yesterday to quash that. Given Trump's repeated demonstration of ongoing financial misconduct, their fears are warranted.No, the notice of appeal is already filed.
The bond is for an automatic stay of the judgement. If the appellate division doesn't grant a discretionary stay or reduce the bond, it means the AG can begin enforcement.
The appeal still goes forward.
Okay if you say so. What's the purpose of the bond? Trump can just ignore it???No, the notice of appeal is already filed.
The bond is for an automatic stay of the judgement. If the appellate division doesn't grant a discretionary stay or reduce the bond, it means the AG can begin enforcement.
The appeal still goes forward.
He cannot. They can start the process of siezing his properties on 03/26.Okay if you say so. What's the purpose of the bond? Trump can just ignore it???
The bond guarantees there are funds to satisfy the judgement. It prevents the money from being squirreled away somewhere out of reach while the appeal is heard.Okay if you say so. What's the purpose of the bond? Trump can just ignore it???
The bond guarantees there are funds to satisfy the judgement. It prevents the money from being squirreled away somewhere out of reach while the appeal is heard.
Trump's assets can't be squirreled away. It is mostly real estate, and his properties in NYC are worth several times more than the judgement. So there is no risk to the State to grant a discretionary stay.
There are two ways to stay the enforcement. Post the full bond, or ask the court to use their discretionary authority to reduce or waive the bond requirement.
They will make a ruling before the deadline, which is next Monday. Trump has asked to schedule oral arguments, or leave to appeal to the Court of Appeals, if they don't want to grant his request for a discretionary stay.
There is another course that is possible, and that is for the appellate court to vacate the judgement and remand the case to the Commercial Division where it should have been all along. But that kind of decision is usually made after the appeal is heard.
Trump cannot use real estate for collateral on a bond because the surety companies do not take real estate as collateral. He didn't use real estate on the first bond either, at least per Chubb.Damn, don't you listen? It's all smoke and mirrors. Trump has no collateral to put up for cash. Chubb Corporation won't loan him anymore money and neither will any other surety companies.
Accurate.He can't starve his companies for operating capital, they have obligations and cash flow requirements too.
I’d like to see Trump property turned into a low rent or dwelling for the homeless. Poetic Justice. That’s the only way the rich will ever help the poor.Oh my! Can't move the buildings, can't hide them. Take away the visible fruits of his crime...sounds like justice, to me~
Letitia James says she's prepared to seize Trump's buildings if he can't pay his $354M civil fraud fine
New York AG Letitia James tells ABC News that she is prepared to seize Donald Trump's assets if he is unable to pay the $354 million fine in his civil fraud case.abcnews.go.com
Four days after a judge ordered former President Donald Trump to pay $354 million in his civil fraud case, New York Attorney General Letitia James told ABC News that she is prepared to seize the former president's assets if he is unable to find the cash to cover the fine.
"If he does not have funds to pay off the judgment, then we will seek judgment enforcement mechanisms in court, and we will ask the judge to seize his assets," James said in an interview with ABC News' Aaron Katersky.
Trump was fined $354.8 million plus approximately $100 million in pre-judgment interest on Friday after Judge Arthur Engoron determined that he inflated his net worth in order get more favorable loan terms.
The former president has denied all wrongdoing and has said he will appeal.
Saying that she was "very confident" with the strength of her case on appeal, James reiterated that her office would not hesitate to seize Trump's assets -- mentioning Trump's 40 Wall Street skyscraper by name -- if the former president is unable to find the cash to cover the court-ordered disgorgement.
"We are prepared to make sure that the judgment is paid to New Yorkers, and yes, I look at 40 Wall Street each and every day," James said of the standard court process for collecting judgments in civil cases.
Trump cannot use real estate for collateral on a bond because the surety companies do not take real estate as collateral. He didn't use real estate on the first bond either, at least per Chubb.
The real estate has value, there are rents coming in every month, etc. It's just not a liquid asset, and he was only given 30 days to come up with a half-billion dollars. He can't starve his companies for operating capital, they have obligations and cash flow requirements too.
The judgement creates a lien- if the AG wants to start foreclosure proceedings next week she can do that. I seriously doubt the appellate division is going to let that happen.
www.salon.com
Probably from some Putin back source.Three surety company CEOs said today that Trump has no collateral.
What did Chubb Corporation get for collateral?
Probably from some Putin back source.
No, the notice of appeal is already filed.
The bond is for an automatic stay of the judgement. If the appellate division doesn't grant a discretionary stay or reduce the bond, it means the AG can begin enforcement.
The appeal still goes forward.
Link?Three surety company CEOs said today that Trump has no collateral.
They don't say. The AG is claiming real estate, which is the opposite of what Chubb said, so "he said, she said"..What did Chubb Corporation get for collateral?
Link?
They don't say. The AG is claiming real estate, which is the opposite of what Chubb said, so "he said, she said"..
www.salon.com
Once again, dumbass Trump and his incompetent legal team waited too long to prepare. They don't seem to take this seriously.NY AG Letitia James urges appeals court to be wary of Trump's bond story
A lawyer for James says that Trump's issues with payment should have been raised earlier, not days before deadline
Questioning why potential backers aren't just accepting Trump's real estate assets as collateral, Fan found opportunity for a dig at their true value, writing, "As far as the Court can infer, sureties may have refused to accept defendants' specific holdings as collateral because using Mr. Trump's real estate will generally need 'a property appraisal' and his holdings are not nearly as valuable as defendants claim."
