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On Monday, his legal team asked the appeals court to pause the $454 million judgment, including accrued interest, or accept a bond of $100 million (£78.5 million).
If the court refuses, it raises the possibility that Letitia James, the attorney general, could begin seizing the Trump Organisation’s assets.
In a filing with the appellate division of Manhattan Supreme Court, Mr Trump’s lawyers said despite “diligent efforts” they had been unable to secure a bond for the full amount.
Mr Trump’s team unsuccessfully approached around 30 surety companies and spent “countless hours negotiating with one of the largest insurance companies in the world”, they said.
They added a “critical” issue was that most companies would not “accept real estate as collateral”.
“A bond requirement of this enormous magnitude – effectively requiring cash reserves approaching $1 billion – is unprecedented for a private company,” Mr Trump’s lawyers wrote.
They added that obtaining funds “through a ‘fire sale’ of real estate holdings would inevitably result in massive, irrecoverable losses – textbook irreparable injury”.
The revelations of Mr Trump’s financial woes arrive barely a week after he posted a separate $91.6 million bond to appeal against a verdict of defamation in the case taken against him by E Jean Carroll.
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