Former President Donald Trump faces a critical financial situation as he must secure a $464m bond by March 25th. If he fails to do so, his most prized properties could be taken. Trump’s lawyers have struggled to secure a bond and have requested a pause in the case. Trump could appeal to the New York Supreme Court if he does not get a pause. Experts suggest that Trump may need to demonstrate liquidity to secure a bond or resort to other options like refinancing his properties or selling assets. Bankruptcy is also an option, but it could be costly and damaging to his reputation. If Trump fails to pay by the deadline, New York Attorney General Letitia James can begin to collect the fee and seize his assets, including Trump Tower and Mar-a-Lago. Experts predict that these assets would not be sold until after the appeals process is over, with the proceeds going towards paying the judgement. The state could seize multiple assets as none of Trump’s properties appear to be worth the full $464m judgment.
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