Letitia James ready to seize Trump buildings if he can't pay $355M fine: report - eviltoast
New York Attorney General Letitia James is ready to seize former President Donald Trump's iconic New York City buildings if he can't come up with the cash to pay his $355 million civil fraud fine, a new report shows. "If he does not have funds to pay off the judgment, then we will seek judgment enfo...

New York Attorney General Letitia James is ready to seize former President Donald Trump’s iconic New York City buildings if he can’t come up with the cash to pay his $355 million civil fraud fine, a new report shows. "If he does not have funds to pay off the judgment, then we will seek judgment enfo…

  • mkwt@lemmy.world
    16·
    9 months ago

    Any debt leftover after the sale is still owed by the debtor (i.e. big orange one). Of course, if that debtor has no other assets left, you’re probably not going to get paid.

    As far as I know (not a lawyer, not your lawyer), some legal judgements can be discharged in bankruptcy, while others cannot. I don’t know about this judgement. As an example, I believe OJ Simpson is still evading a wrongful death judgement that he cannot escape through bankruptcy.

    Another wrinkle: usually in order to appeal a judgement, you have to post an appeal bond that covers the value of the judgement. And the deadlines to do that are often very, very short.