"Trump Faces Imminent Bankruptcy Deadline Amid Legal Battles and Asset Seizure Threats"
TL;DR
Former President Donald Trump may be forced to declare bankruptcy if he fails to post a $454 million bond in his civil fraud trial by Monday's deadline. Financial journalist Bill Cohan believes this is Trump's only option if his appeals fail, as he faces difficulties securing the funds. New York Attorney General Letitia James has vowed to pursue Trump's Manhattan real estate portfolio if he can't pay the judgment against him. Trump's attorneys have filed papers arguing for more time, but if unsuccessful, bankruptcy may be the only way to delay asset sales and buy time.
Topics:top-newsbusiness#bankruptcy#business#civil-fraud-trial#dollar454-million-bond#donald-trump#new-york-attorney-general
- Trump's 'only choice' may be to declare bankruptcy as $454M bond deadline looms, top business writer says New York Post
- Here’s what happens if Trump can’t get a $464 million bond CNN
- Trump’s Deadline to Make $454 Million Bond in Fraud Case is Hours Away The New York Times
- Seizing Trump’s New York properties will not be easy for Letitia James The Guardian US
- Ocasio-Cortez says there is a ‘risk’ to not seizing Trump’s assets The Hill
Want the full story? Read the original reporting
Read on New York Post