Seizing Trump’s New York properties will not be easy for Letitia James

[JLW]

Seizing Trump's properties will be a nightmare. Lenders, creditors, partners, interlocking llcs and corporations, trusts and titling issues will prevent any quick seizure of real property. If Donald has any funds or real property in his own name may be subject to seizure, but those accounts and properties need to be discovered.

 

[Tommy Tainant]

Seizing property might be an old tradition in merry olde England and Fascism might be part of European history but the U.S. Constitution gets in the way here in the Colonies. At least I hope it still does.

So how do American creditors get their money back dopey ?

 

[Tommy Tainant]

The true ass kicking is going to happen November 2024. LOL let there be dancing in the streets as the current corruption gets overthrown and the Democrats get paid back for their incredible dishonesty.

Thats the spirit !!

 

[WorldWatcher]

Seizing Trump's properties will be a nightmare. Lenders, creditors, partners, interlocking llcs and corporations, trusts and titling issues will prevent any quick seizure of real property. If Donald has any funds or real property in his own name may be subject to seizure, but those accounts and properties need to be discovered.

Remember the judgement wasn’t just against him as an individual, but also the Trump Organization as a business entity.

WW

 

[JLW]

Remember the judgement wasn’t just against him as an individual, but also the Trump Organization as a business entity.

WW

Excellent Point! So, I went to the source, i.e. the judgement itself, and these were the defendants:

DONALD J. TRUMP, DONALD TRUMP JR., ERIC TRUMP, ALLEN WEISSELBERG, JEFFREY MCCONNEY, THE DONALD J. TRUMP REVOCABLE TRUST, THE TRUMP ORGANIZATION, INC., TRUMP ORGANIZATION LLC, DJT HOLDINGS LLC, DJT HOLDINGS MANAGING MEMBER, TRUMP ENDEAVOR 12 LLC, 401 NORTH WABASH VENTURE LLC, TRUMP OLD POST OFFICE LLC, 40 WALL STREET LLC, SEVEN SPRINGS LLC,

Subject to the limitations and liabilities imposed by the judgment, any properties or assets in the above-named defendants may be seized by the NY AG..

 

[Concerned American]

So how do American creditors get their money back dopey ?

People pay their bills for the most part, moron.

 

[Concerned American]

Excellent Point! So, I went to the source, i.e. the judgement itself, and these were the defendants:

DONALD J. TRUMP, DONALD TRUMP JR., ERIC TRUMP, ALLEN WEISSELBERG, JEFFREY MCCONNEY, THE DONALD J. TRUMP REVOCABLE TRUST, THE TRUMP ORGANIZATION, INC., TRUMP ORGANIZATION LLC, DJT HOLDINGS LLC, DJT HOLDINGS MANAGING MEMBER, TRUMP ENDEAVOR 12 LLC, 401 NORTH WABASH VENTURE LLC, TRUMP OLD POST OFFICE LLC, 40 WALL STREET LLC, SEVEN SPRINGS LLC,

Subject to the limitations and liabilities imposed by the judgment, any properties or assets in the above-named defendants may be seized by the NY AG..

Sure, go with that one.

 

[Lord Long Rod]

Hadn’t anyone considered that Trump may have his holdings tied up in various LLCs? It most likely will not be so easy for her to seize anything.

 

[GMCGeneral]

The Democrats are not at all the bad guys.

Uhh yes they are.

 

[AZrailwhale]

The amount of the outstanding mortgage is the bank's but in this case the bank can't force a sale immediately to recover it's money.

What the fk is everybody arguing about? This shit isn't rocket science!

It's mostly abour corrupt American courts finding in favour of Trump.

So, any court that rule in favor of Trump is corrupt and I guess by your standards any court that rules against Trump is not corrupt. Whatever happened to rule of law? I would guess you would be in favor of going to the Napoleonic Codes where defendants have to prove their innocence and are presumed guilty as soon as charges are preferred against them.

 

[Concerned American]

So, any court that rule in favor of Trump is corrupt and I guess by your standards any court that rules against Trump is not corrupt. Whatever happened to rule of law? I would guess you would be in favor of going to the Napoleonic Codes where defendants have to prove their innocence and are presumed guilty as soon as charges are preferred against them.

The duck figures if a person is charged they must be guilty. You know, like his heeeeero, Turdeau.

 

[Man With A Plan]

Would trump want more auditors looking thru his affairs ?

Now that might be the dumbest post on this board today, Tommy! You actually think that auditors haven't been pouring over Trump's "affairs" for much of the past seven years? Use your head!

 

[WorldWatcher]

Hadn’t anyone considered that Trump may have his holdings tied up in various LLCs? It most likely will not be so easy for her to seize anything.

Yes.

The New York State Attorney General.

That’s why the case was brought against FPOTUS#45 individually, the Trump Trust, The Trump Organization, and in a minor role Eric and Donald Jr. all of them are part of the judgement.

The LLCs all fall under THE Trump Organization so the are included in the judgement.

WW

 

[CrusaderFrank]

Seizing Trump’s New York properties will not be easy for Letitia James

Attorney general could face same problems as ex-president in trying to liquify assets to meet the $454m fine amount

www.theguardian.com

This seems hard work. Obviously cash would be better than property.

But I wonder if Ms James might take any property income from these places. It would likely cover the interest that trump is building up every day. But trump probably needs that income to pay off the mortgage, That might be a problem

It would also leave the portfolio intact pending any appeal.

Liquidating the property might be beneficial if trump actually owns the property rather than it being mortgaged to the hilt. In that case the lender has first dibs on the payout.

Trump 1 must be worth something but again it is likely to be held on a lease.

I do wonder if it might just be easier to lock him up in debtors prison until he can clear the tab.

Meh. Why go half Fascist? Go seize it like Hitler, Mao or Stalin did

 

[Clipper]

How about Trump Tower up her ugly fat ass.

She's really rattling your cage, isn't she, Ace?

 

[Clipper]

Irrelevant. There is no public interest in stealing hotels and golf course, you commie bitch.

Trump's business model was based on fraud, asscrack.

James should confiscate his gold clubs & carts to really burn his ass.

 

[Orangecat]

Trump's business model was based on fraud, asscrack.

James should confiscate his gold clubs & carts to really burn his ass.

You're gonna be a whole new level of whiny bitch come November, useful idiot.

 

[Man With A Plan]

Trump's business model was based on fraud, asscrack.

James should confiscate his gold clubs & carts to really burn his ass.

Everything you on the left try to do to Trump with your lawfare cases only seems to make him stronger, Clipper! The average American doesn't like Government seizing people's property. They see this for what it is...the kind of political strong arming that you would normally never see in the US.

I hope people in New York know what they've unleashed upon themselves with this patently unfair trial. Kevin O'Leary isn't alone when he says that New York is now a "Loser" State and that he would never invest any of his money there. Why would you risk capital in a place where there is no rule of law to protect individuals against Government?

 

[lennypartiv]

Trump's business model was based on fraud

You Dems obviously have no clue how to run a business in NY.

 

[Clipper]

You Dems obviously have no clue how to run a business in NY.

If Trump wasen't an evil bastard he could have used his smarts to build his businessses, but the guy was born with larceny running thru his veins. He brought this on himself.

End of story.