The question here is, what terms do you have to raise the money, and what assets you have that are liquid enough to be converted with reasonable losses within that term.
If I was a billionaire.. I'd buy up a ton of real estate.. and start putting it out as low cost housing and supporting new businesses that paid employees living wages.
My dude cannot sell his properties because that cash will have to go to whatever other financial institution he owes extensive money to. Pretty fun. If he wasn’t also planning to destroy the country I would be pretty giddy
i can't wait till someone tries to come after mar-a-lago to collect
Trump will say it's his residence, protected under Florida's Homestead act
and the bank will say, "no, motherfucker, you said that it was a club and that it is owned by the Trump Organization & you are only an employee guest there"
The funniest part is Trump is a multi-billionaire, his combined total assets exceed 20 billion dollars. He could easily sell one of his giant vacation mansion properties to come up with it and keep the dozens of others to himself.
So he's a multi-billionaire who can't come up with half a billion $.
Exactly. Bonds exist to ensure that the defendant pays, if they lose the appeal, and that the defendant gets their money back, if they win. With a non-state litigant, you have to worry about their going bankrupt or spending in the interim; that's not a problem if the state's on the other side.
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If he wants to prove it wasn't fraud, sell Mar-a-lago for what he said it was worth.
Trump will say it's his residence, protected under Florida's Homestead act
and the bank will say, "no, motherfucker, you said that it was a club and that it is owned by the Trump Organization & you are only an employee guest there"
So he's a multi-billionaire who can't come up with half a billion $.
Here's a chart from a 2021 Forbes article
https://www.forbes.com/sites/danalexander/2021/10/07/trumps-debt-now-totals-an-estimated-13-billion
Of course, this is coming from the man that lies for a living at the highest level, so I guess it needs to be taken with a grain of salt.