Trump’s best option to get $540 million for legal judgments could be ‘clean’ property with private lenders
Donald Trump is on a deadline to put up more than $454 million in cash or bonds to stay execution of his New York civil fraud penalty pending appeal.
Trump has also asked to delay another fast-approaching deadline to pay an $83.3 million penalty in E. Jean Carroll’s civil defamation case.
Trump’s lawyers warned he may have to sell off parts of his real estate portfolio under “exigent circumstances.”
But legal experts said Trump may be able to use his properties as collateral to borrow what he needs from private lenders. $Digital World Acquisition Corp(DWAC.US$
Trump has also asked to delay another fast-approaching deadline to pay an $83.3 million penalty in E. Jean Carroll’s civil defamation case.
Trump’s lawyers warned he may have to sell off parts of his real estate portfolio under “exigent circumstances.”
But legal experts said Trump may be able to use his properties as collateral to borrow what he needs from private lenders. $Digital World Acquisition Corp(DWAC.US$
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
Simon 5183 : The Delaware court has cleared the March 22 merger vote with Trump's social media company. The court can resolve the lawsuit within 150 days after the merger is completed. The March 22 vote will decide to merge DWAC with TMTG, an agreement that could create a multi-billion dollar company and provide Trump with a windfall revenue.