Trump bond payment

Posts : 9071 Join date : 2022-08-13 Location : Vermont

Quote :: In a revealing court filing on 18 March, lawyers for Donald Trump said that he has tried to get help from at least 30 companies who can post a bond in excess of $454m after he lost a civil fraud trial in New York earlier this year.

But none of them could, and now he faces the “practical impossibility” of coming up with the money before the state’s imminent deadline to enforce the judgment against him, according to his attorneys.

The extraordinary circumstances also raise the prospect of the GOP’s presidential nominee being a convicted felon on the hook for tens of millions of dollars he doesn’t have when voters cast their ballots in November.

Mr Trump also cannot get rid of debts obtained by fraud by filing for bankruptcy.

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What happens if Trump can't secure the $454m bond?