Trump's Defamation Trial Testimony Threatens Bankruptcy

1 min read
Source: Newsweek
Trump's Defamation Trial Testimony Threatens Bankruptcy
Photo: Newsweek
TL;DR Summary

Attorneys have warned that Donald Trump's defamation case brought by E. Jean Carroll, combined with potential damages from his civil fraud trial, could drive him to bankruptcy. Legal experts suggest that Trump might have to pay "tens of millions of dollars" in damages, with some estimating the judgment could be "as high as nine figures." The former president's net worth is estimated at around $2.6 billion, but the combination of the Carroll case and the civil fraud trial could trigger bankruptcy. However, some experts doubt that the case would bankrupt Trump due to his assets, while others point out that bankruptcy could be a choice to avoid paying debts rather than a result of insolvency.

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