Trump can’t pay

[Anonymous]

Anonymous wrote:

Anonymous wrote:Do the lawyers have to prove he can’t pay?

For what reason. If he cant put up the bond to appeal doesn't he have to pay the judgement. How long does he have to pay it before collection proceedings can begin?

James can start seizing his assets March 26 at 12:01a.m., although I suspect she will wait until her office opens but I would bet the paperwork has already been done and ready to go to court!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Do the lawyers have to prove he can’t pay?

For what reason. If he cant put up the bond to appeal doesn't he have to pay the judgement. How long does he have to pay it before collection proceedings can begin?

Seems like seizing his assets would be a great way to get his followers to send money and maybe get violent.

He did the fraud, he needs to pay the consequences. Nothing to get violent about at all. His followers can find something better to do.

His followers will find out that he's been lying to them all along about what a successful business man he is. A multi-billionaire who can't afford half a billion fine.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Do the lawyers have to prove he can’t pay?

For what reason. If he cant put up the bond to appeal doesn't he have to pay the judgement. How long does he have to pay it before collection proceedings can begin?

James can start seizing his assets March 26 at 12:01a.m., although I suspect she will wait until her office opens but I would bet the paperwork has already been done and ready to go to court!

The fastest routes are freezing bank accounts and putting liens on his properties in NYS. Actually liquidating the properties will take more court work.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Trump’s biggest fear is being shown he’s poor.

That must be why he committed perjury by telling the court a few months ago how he had hundreds of millions of liquid dollars.

His net worth is probably in the low 7 figures. He owns a bunch of properties that are valuable, but no one really knows how much debt he has on them, how much is actually just partial ownerships because of LLCs and side deals, etc. If he actually had substantial equity in these properties, it should be no problem for him to go to a bank and borrow this money. The fact that he can't is very telling.

So you're saying he's worth under 5 million?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Do the lawyers have to prove he can’t pay?

For what reason. If he cant put up the bond to appeal doesn't he have to pay the judgement. How long does he have to pay it before collection proceedings can begin?

James can start seizing his assets March 26 at 12:01a.m., although I suspect she will wait until her office opens but I would bet the paperwork has already been done and ready to go to court!

The fastest routes are freezing bank accounts and putting liens on his properties in NYS. Actually liquidating the properties will take more court work.

But auctioning off Mar a Lago would be so satisfying

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Do the lawyers have to prove he can’t pay?

For what reason. If he cant put up the bond to appeal doesn't he have to pay the judgement. How long does he have to pay it before collection proceedings can begin?

James can start seizing his assets March 26 at 12:01a.m., although I suspect she will wait until her office opens but I would bet the paperwork has already been done and ready to go to court!

The fastest routes are freezing bank accounts and putting liens on his properties in NYS. Actually liquidating the properties will take more court work.

But auctioning off Mar a Lago would be so satisfying

+1

[Anonymous]

Anonymous wrote:I thought he was a billionaire!!!

https://www.nytimes.com/2024/03/18/nyregion/trump-bond-civil-fraud-case.html#commentsContainer

Can he not just raid the RNC coffers for this payment?

Nope. You cannot take either campaign funds or RNC funds to pay for personal expenses. Legal fees when defending election related legal challenges are allowed. But the civil penalties in the E. Jean Carroll case and the NYS fraud case are considered personal expenses and are disallowed by federal election law.

[Anonymous]

Anonymous wrote:8th Amendment violation on its face. $454 million in assessed damages for no damages incurred or claimed.

Just like Trump continuing to push his unfounded and false stolen election claims, you keep pushing this stupid "no damaged" claim.

Yes, the banks were not damaged. They used the estimates provided by the Trump organization to give him favorable loans. The crime was that he then use a different set of assessments for tax purposes. And using two sets of different assessments constitutes tax fraud. The damages were that he fraudulently claimed his properties were worth less than their assessed value, he provided falsified documents for tax purposes, he defrauded the government and the tax payers of NYS by paying less than the appropriate taxes than he owed. So there were definitely damages and he was assessed a civil penalty for the tax fraud and failing to pay the appropriate amount of taxes.

[Anonymous]

Help me out, I saw in a BBC article that Trump could escape the debt by filling for bankruptcy
I thought
1.you couldn't get rid of this type of debt that way
2. If you file bankruptcy in these circumstances the court can sell all your assets to cover your debt
???

[Anonymous]

He’s going to have to sell a lot more gold tennis shoes to cover this.

[Anonymous]

Anonymous wrote:Help me out, I saw in a BBC article that Trump could escape the debt by filling for bankruptcy
I thought
1.you couldn't get rid of this type of debt that way
2. If you file bankruptcy in these circumstances the court can sell all your assets to cover your debt
???

He hasn't filed for bankruptcy so not sure how this is relevant.

[Anonymous]

Anonymous wrote:

Anonymous wrote:8th Amendment violation on its face. $454 million in assessed damages for no damages incurred or claimed.

Just like Trump continuing to push his unfounded and false stolen election claims, you keep pushing this stupid "no damaged" claim.

Yes, the banks were not damaged. They used the estimates provided by the Trump organization to give him favorable loans. The crime was that he then use a different set of assessments for tax purposes. And using two sets of different assessments constitutes tax fraud. The damages were that he fraudulently claimed his properties were worth less than their assessed value, he provided falsified documents for tax purposes, he defrauded the government and the tax payers of NYS by paying less than the appropriate taxes than he owed. So there were definitely damages and he was assessed a civil penalty for the tax fraud and failing to pay the appropriate amount of taxes.

The RNC doesn't have nearly enough in the bank to cover the damages anyway. At most they could pay off part of his legal bills, but that's it. And doing so would totally wipe out any funding for the general election and down-ticket races.

Trump is a cancer, and conservatives still refuse to believe it.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Help me out, I saw in a BBC article that Trump could escape the debt by filling for bankruptcy
I thought
1.you couldn't get rid of this type of debt that way
2. If you file bankruptcy in these circumstances the court can sell all your assets to cover your debt
???

He hasn't filed for bankruptcy so not sure how this is relevant.

Trump has filed for bankruptcy at least 5 times already, I am wondering if he can successfully pull that card again

[Anonymous]

Trump's desperate need for money makes him a national security risk.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Trump’s biggest fear is being shown he’s poor.

That must be why he committed perjury by telling the court a few months ago how he had hundreds of millions of liquid dollars.

His net worth is probably in the low 7 figures. He owns a bunch of properties that are valuable, but no one really knows how much debt he has on them, how much is actually just partial ownerships because of LLCs and side deals, etc. If he actually had substantial equity in these properties, it should be no problem for him to go to a bank and borrow this money. The fact that he can't is very telling.

So is this about to crash the market that is build on a house of fraud?