Donald Trump's inability to obtain appeal bond

SOURCE www.cnbc.com
Donald Trump unable to obtain appeal bond to prevent seizure of real estate assets to satisfy $454 million civil fraud judgment, faces deadline of March 25 for seizure if bond not posted.

Key Points

  • Trump facing $454 million civil fraud judgment
  • Inability to secure a bond due to large amount and lack of willing surety companies
  • Potential consequences including seizure of properties by March 25

Pros

  • Trump's lawyers making efforts to challenge the judgment
  • Temporary relief granted by appellate division judge in terms of business operations and seeking loans

Cons

  • Risk of seizure of real estate assets by Attorney General Letitia James
  • Difficulty in finding a surety company to underwrite the bond