Trump Scrambles to Secure $454 Million Appeal Bond to Avoid Forced Asset Sales
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An appeal bond guarantees that the party appealing a ruling can pay the judgment if their appeal fails. Trump needs a $454 million appeal bond but is struggling to secure one.
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Appeal bonds require collateral like cash or liquid assets, which Trump lacks sufficient amounts of. Most of his wealth is tied up in commercial real estate.
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Bond providers may be wary to work with Trump after his company was found to routinely lie to banks about asset values to get loans.
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If Trump can't get a bond, the court could halt collection of the judgment during the appeal or he'd have to sell assets quickly at low prices, go bankrupt, or have properties seized.
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New York's Attorney General says she is willing to seize Trump properties to cover the judgment if he doesn't post an appeal bond.