The bond Trump posted is essentially a placeholder, meant to guarantee payment if the judgment is upheld. If that happens, the presumptive Republican…
The bond Trump is posting with the court now is essentially a placeholder, meant to guarantee payment if the judgment is upheldposted a $175 million bond on Monday in his New York civil fraud case, halting collection of the more than $454 million he owes and preventing the state from seizing his assets to satisfy the debt while he appeals, according to a court filing.
If Trump wins, he won't have to pay the state anything and will get back the money he has put up now. Trump is fighting to overturn a judge's Feb. 16 finding that he lied about his wealth as he fostered the real estate empire that launched him to stardom and the presidency. The trial focused on how Trump's assets were valued on financial statements that went to bankers and insurers to get loans and deals.
Under New York law, filing an appeal generally doesn’t hold off enforcement of a judgment. But there’s an automatic pause — in legalese, a stay — if the person or entity obtains a bond guaranteeing payment of what’s owed.A New York appeals court gave former president Donald Trump and his co-defendants 10 days to post a reduced $175 million bond, previously set to $464 million.
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Donald Trump Posts $175M Bond in New York Civil Fraud Case After $454M Judgment Is PrunedLast week, an appeals court issued an 11th-hour order allowing the former president to put up just $175 million—and an extra 10 days to deliver it.
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Donald Trump can post smaller bond amount of $175M within 10 days: CourtA New York appeals court on Monday ruled former President Donald Trump can post $175 million as a bond while he appeals a civil judgment that found him liable for business fraud.
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Donald Trump Civil Fraud Bond Cut To $175M From $454M After AppealDonald Trump's catching a bit of a break yet again ... his hefty multi-million-dollar bond in his New York civil case just got a major trim, and he may just be able to pay it off.
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Trump posts $175M bond to keep N.Y. authorities from seizing propertyFormer president Donald Trump’s posting of the bond was needed to keep New York Attorney General Letitia James from initiating steps to take over his properties.
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Trump posts $175M bond in New York civil fraud caseDonald Trump’s bond pauses any action that AG Letitia James could take against Trump’s properties in response to the judgement until at least September, when the state appeals court also set a sche…
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Court to block collection of Trump's $454M civil fraud judgment if he puts up $175MA New York appeals court on Monday agreed to hold off collection of former President Donald Trump's $454 million civil fraud judgment — if he puts up $175 million within 10 days.
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