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Reply to "Trump can’t pay"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Today’s the day![/quote] Huh?[/quote] Today marks the end of the 30-day grace period Tish James gave Donald Trump to come up with the cash or a bond for the amount of the civil fraud judgment. [/quote] Thanks, so what does that mean? They can start seizing his properties?[/quote] At midnight, NYS can seize his bank accounts. Those are the easiest to seize since liquid assets can be claimed and returned easily. They will also start the claim on properties. But the deal with properties is that those that have interwoven ownership (including mortgages and other liens) can take some significant time to unravel and liquidate (e.g. sell) real estate and the value with fluctuate until a sale is finalized. So, they will start with claiming any liquid assets in NYS that were frozen by the courts. Then they will work on evaluating how much more he owes and making an effort to claim hard assets and liquidate to fulfill the judgment.[/quote]
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