"Trump's Struggle to Secure $464 Million Bond Raises Bankruptcy Concerns"

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Source: NBC News
"Trump's Struggle to Secure $464 Million Bond Raises Bankruptcy Concerns"
Photo: NBC News
TL;DR

Former President Donald Trump's attorneys have stated that it is a "practical impossibility" for him to obtain a bond to secure the $464 million fraud judgment against him in New York. They have approached about 30 surety companies through 4 separate brokers, but have been unable to secure the bond, which would require cash or cash equivalents totaling about $1 billion. Despite claiming inability to afford the bond, Trump's attorneys argue that the attorney general doesn't need to worry about collecting the judgment, as Trump's real estate holdings greatly exceed the amount of the judgment.

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