He could then be President of the United States; he could then be a convicted criminal serving time behind bars; or, given his advanced age, Carroll may be forced to reckon with his estate. Any of these developments could substantially complicate collection efforts here.
He just showed that he’s was able to post (only) 100mm for his bond. No reason that shouldn’t go to her first.
Not yet he hasn’t. His offer of only 100 million was rejected. He’s appealing that (because of course…) but he’s still on the hook for the full amount.
A bond isnt exactly the same as payment, it would be a loan at that point.
TL;DR
E. Jean CarrollAnyone with a brain cell expresses ‘very serious concerns’ Trump will pay$83M judgmentI have no concerns.
It’s pretty obvious he won’t pay.
He skipped paying the $5 million bond on her first judgement…
No, he put $5.5 million in a trust pending appeal. He hasn’t set aside the money for the $84 million appeal, and he has until March 25th to come up with the money for the $450 million appeal.
The Trump team has already filed the appeal, but the enforcement action will still take place, unless he puts the money in escrow, which he won’t do, which only means that they will start seizing property while the appeal plays out
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Isn’t there money under sanction currently?
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He wasn’t able to get a $5 million bond because no one on earth would give him one. He ended up putting the full 5 1/2 million dollars cash in escrow.
He’s over leveraged to extremes and even his tangible assets, like hotels and resorts, probably aren’t worth enough to cover the 400M package if, if sold.
His “I’m a billionaire” shtick was always ethereal at best and a straight up lie to boost the perception of his net worth at minimum.
The bizarre thing with Trump isn’t finding out he’s far from as wealthy as he and his family like people to believe, but that he’s always been able to sucker some new money source into covering his debts with the banks.
I wonder if he’s even ever gone so far as to leave a tip at a restaurant without suing to get it back plus some trumped up damages.
Pun intended
I think everyone should be concerned that a guy up to his eyeballs in debt, so far he would not pass a basic security check has a chance to become president.
Or maybe he will then use seal team 6 to take out his lenders.
Too old to go to prison, but young enough to be the president candidate
I’ve said it previously, wait after the election, then auction off the right to collect the debt. It’ll be an absolute circus
This is the best summary I could come up with:
The new filing responds to Trump’s demand that his trial judge delay enforcing the eight-figure sum as the former president attempts to get the verdict reduced or eliminated entirely in post-trial motions.
Opposing those demands, Carroll pointed to the more than $454 million judgment in Trump’s civil fraud case, which only grows in interest each day it’s left unpaid.
“To begin, recent developments give rise to very serious concerns about Trump’s cash position and the feasibility (and ease) of collecting on the judgment in this case,” Carroll’s lawyers wrote.
A New York judge in the trial court’s appellate division ruled that enforcement of the multimillion-dollar judgment would not be paused unless Trump could post a complete bond but did pause the enforcement of two penalties regarding the former president’s ability to seek loans and serve in top leadership positions of his and other New York companies.
If he doesn’t, under the Wednesday ruling, New York Attorney General Letitia James (D) can begin to collect the full amount – a process that could mean selling famed properties or other assets.
“He could then be President of the United States; he could then be a convicted criminal serving time behind bars; or, given his advanced age, Carroll may be forced to reckon with his estate.
The original article contains 614 words, the summary contains 213 words. Saved 65%. I’m a bot and I’m open source!
Right now she’s got first call on his assets. Once he dies/gets imprisoned and all his loans come due, bankrupcy/estate/orphan’s court won’t act as favorably.
