New York AG Letitia James has said that she will seek to seize some of Trump’s assets if he’s unable to pay the judgment.
Donald Trump’s lawyers asked a New York appellate court Wednesday to halt collection of the former president’s $454 million civil fraud judgment while he appeals.
Trump’s lawyers said in a court filing that he is prepared to post a $100 million appeal bond rather than a bond covering the full amount, which would have automatically paused enforcement.
They said a provision in Judge Arthur Engoron’s Feb. 16 ruling that bans Trump, his company, and co-defendants from obtaining loans from New York banks for three years would make it impossible for him to obtain a bond covering the full judgment.
Yeah, if you have billions in assets, you can liquidate some of them to pay up. The only way you are unable to pay is if your assets are not actually worth enough.