Letita James can start seizing Trump's buildings in a WEEK: Clock ticks for ex-president to get together staggering bond fee of almost $500million that could be 'crippling' for his finances
1 year ago

Letita James can start seizing Trump's buildings in a WEEK: Clock ticks for ex-president to get together staggering bond fee of almost $500million that could be 'crippling' for his finances

Daily Mail  

A March 25 deadline for Donald Trump to pay a staggering $454 million judgement against him is putting some of his prized real estate assets in jeopardy after his lawyers said he is unable to secure a bond. Trump's latest filing sets up another high-pressure face-off with New York AG Letitia James, after his lawyers said insurance firms weren't willing to take chunks of his real estate empire as collateral, and that the fees of obtaining a bond even if he could obtain one would be 'crippling and punitive.' Even after approaching 30 underwriters, former President Trump couldn't get a firm to underwrite the staggering $454 million judgement against him 'Critical among these challenges is not just the inability and reluctance of the vast majority of sureties to underwrite a bond for this unprecedented sum, but, even more significantly, the unwillingness of every surety bond provider approached by Defendants to accept real estate as collateral. Trump's lawyers told a New York appellate court Monday that it's impossible for him to post a bond covering the full amount of his $454 million civil fraud judgment while he appeals. Chubb was 'the only surety willing to even consider accepting real estate as collateral,' according to Trump Organization general counsel Alan Garten The former president's lawyers wrote in a court filing that 'obtaining an appeal bond in the full amount' of the judgment 'is not possible under the circumstances presented.

History of this topic

Letitia James may start 'seizing Trump's properties' as he sits in criminal trial: expert
10 months, 3 weeks ago
Trump’s $175m bond in fraud case should be voided, says New York attorney general
11 months ago
Trump's new $175M bond to be challenged in upcoming hearing: court records
11 months ago
Trump challenges Letitia James' objection to his $175M bond
11 months ago
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11 months, 2 weeks ago
Letitia James demands proof that company that posted Trump's bond is 'financially sound'
11 months, 2 weeks ago
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11 months, 2 weeks ago
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11 months, 2 weeks ago
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11 months, 2 weeks ago
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11 months, 3 weeks ago
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11 months, 3 weeks ago
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11 months, 3 weeks ago
Ex-DOJ Official Flags Scathing New Nickname For Cash-Strapped Trump
11 months, 3 weeks ago
Trump fumes as $454m bond deadline looms, claims he has fine amount ‘in his bank account’
11 months, 3 weeks ago
New York court lowers $454m bond as Trump appeals civil fraud case
11 months, 3 weeks ago
'Little chance' Trump will be saved by appeals court from asset seizure by Monday: report
11 months, 3 weeks ago
'They can go after any assets': AG James to grab Trump’s bank accounts before real estate
11 months, 3 weeks ago
'He'll do anything': Expert says Trump desperate to stop Letitia James seizing property
11 months, 3 weeks ago
Letitia James could go through Stormy Daniels to get money toward Trump's fraud judgment
11 months, 3 weeks ago
Letitia James takes first steps to seize Donald Trump’s New York assets
11 months, 3 weeks ago
Letitia James appears to eye Trump's Westchester golf club and 212-acre estate as properties she could seize as clock ticks to the deadline for him to pay $454 million
11 months, 3 weeks ago
Donald Trump may lose Trump Tower and personal penthouse in $454 million legal case
11 months, 3 weeks ago
Letitia James takes first step to seize Trump's Seven Springs resort and N.Y. golf course
11 months, 3 weeks ago
Ex-Trump Aide Says He’d Respond To Bankruptcy In 1 Whining Way: ‘I Can Hear It Now’
11 months, 3 weeks ago
Trump wracked with 'frustration and concern' as time to pay bond ticks down: NBC
1 year ago
Letitia James has a 'game plan' to cut Trump 'out of the deal' by selling assets: reporter
1 year ago
Letitia James says you can't trust Trump's claim he's unable to cover $454 million fraud bond: New York AG says ex-president's friend and golf partner who said he was rejected by 30 insurance firms is
1 year ago
Letitia James could swoop on Trump's properties as soon as Monday: report
1 year ago
Letitia James slaps back after 'panicked' Trump demands stay to his $464M fraud ruling
1 year ago
Real Estate Expert Names Property Trump Could Offload Fast — And He Won't Like It
1 year ago
Trump has '464 million reasons' to sell out to a 'scary' foreign patron: legal expert
1 year ago
NY AG Letitia James urges appeals court to be wary of Trump's bond story
1 year ago
Trump rages he will be forced to 'sell off great assets' to pay fine
1 year ago
Trump rages he will be forced to 'sell off great assets' at 'fire sale prices' to pay the $454 million New York fraud fine and rants Judge Engoron is trying to 'take his rights away ' after lawyers re
1 year ago
Ex-Trump Aide Says This Letitia James Move Would 'Absolutely Devastate' Trump
1 year ago
'Practically impossible': Trump lashes out hours after revelation he can't pay $464M bond
1 year ago
Trump says it’s impossible to post appeal bond for his $464m fraud judgment
1 year ago
Donald Trump can't secure $454 million bond in the New York fraud case: Lawyers say it's impossible to come up with the cash
1 year ago
Trump’s lawyers say it is impossible for him to post bond covering $454 million civil fraud judgment
1 year ago
Trump is unable to post a bond topping $450 million in civil fraud case, lawyers say
1 year ago
Lawyers say ‘not possible’ for Trump to post bond in $454m civil fraud case
1 year ago
Seizure of Trump properties in weeks due to 'well laid out' Engoron opinion: legal scholar
1 year ago
Trump is 'out of avenues': Ex-prosecutor predicts Letitia James will soon seize property
1 year ago
Trump pushes for delay in fraud trial ruling. Letitia James says she’s prepared to seize his assets
1 year ago
Letitia James ready to seize Trump buildings if he can't pay $355M fine: report
1 year, 1 month ago
Letitia James handcuffed Trump's ability to bail himself out after fraud fine: expert
1 year, 1 month ago

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