Connect with us

Hi, what are you looking for?

DOGE0.070.84%SOL19.370.72%USDC1.000.01%BNB287.900.44%AVAX15.990.06%XLM0.080.37%
USDT1.000%XRP0.392.6%BCH121.000.75%DOT5.710.16%ADA0.320.37%LTC85.290.38%
THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

Politics

Politics

What If Trump Is Unable to Secure the Required $464 Million Bond?

Trump's Media Venture: Successful Stock Market Launch
The former president must pay the full amount in cash or secure a bond by 25 March The former president must pay the full amount in cash or secure a bond by 25 March
Trump's Media Venture: Successful Stock Market Launch
The former president must pay the full amount in cash or secure a bond by 25 March The former president must pay the full amount in cash or secure a bond by 25 March

Listen to the article now

What If Trump Is Unable to Secure the Required $464 Million Bond?

In a civil fraud case, Donald Trump’s lawyers are seeking to delay a $464 million fine imposed by a New York court due to his challenging financial situation. If Trump wishes to pursue his appeal, he must either pay the entire amount in cash or secure a bond by March 25.

Here are potential scenarios:

  1. Pause Granted: A panel of appeals court judges will decide whether to pause the $464 million judgment while Trump appeals. This would be favorable for Trump, as it would delay payment, potentially avoiding significant financial loss.
  2. Bond Secured: If a pause is denied, Trump could attempt to secure a bond, which guarantees payment if he loses the appeal. However, his lawyers claim difficulty in finding a company willing to provide such a bond.
  3. Compromise: The court might offer a compromise, such as a smaller bond amount or requiring Trump to acknowledge the possibility of asset seizure. However, Trump’s request for a $100 million bond was rejected previously.
  4. Payment by Trump: Trump could opt to pay the penalty himself, possibly by liquidating assets or refinancing properties. Bankruptcy is another option, albeit damaging to his reputation.
  5. Asset Seizure: If Trump fails to pay or secure a bond by March 25, the New York Attorney General can begin seizing his assets. This would include prominent properties like Trump Tower and Mar-a-Lago, with proceeds used to satisfy the judgment.

Overall, Trump faces significant financial and legal challenges, with potential repercussions for his personal wealth and public image.


Comment Template

You May Also Like

Business

Donald Trump’s Shares Reach Lowest Since January, Raising Concerns Trump Media’s latest move to issue millions more shares comes amidst a turbulent time for...

Politics

Trump’s Media Venture: Successful Stock Market Launch The stock market debut of Donald Trump’s media company saw a significant surge in share prices, initially...

Finances

Trial Alert: Donald Trump Faces Hush-Money Case Starting April 15 Former US President Donald Trump is set to face an unprecedented criminal trial on...

Business

Trump’s Legal Battle: Judge Grants Reprieve with $175m Fraud Bond Cut In New York, a judge has approved Donald Trump’s plea to halt his...

Notice: The Biznob uses cookies to provide necessary website functionality, improve your experience and analyze our traffic. By using our website, you agree to our Privacy Policy and our Cookie Policy.

Ok