And while he’d be happy to tell the court he couldn’t pay and tell his supporters that he was cleverly fooling the deep state, even he knows that is a bad idea in this case.
Which is why he’s switched over to lying about how he’s been hit with the biggest fine ever. So that he can say, “I can’t pay this much because NO ONE could pay this much. This fine is more than even I, DJT, is able to pay. Totally not lying about being rich.”
For decades he’s skated by on stiffing contractors and other parties without the resources to fight back and if necessary to wait him out, and I suspect he’s so accustomed to that state of affairs that he’s had trouble grasping just how screwed he is this time.
Buh-bye Trump Tower.
Sooo… Let’s say that assets start to be seized before the appeal.
But then he wins the appeal.
What then? Are the assets given back to Trump?
This is exactly what I predicted a while back. See the OP of the thread I created here in the Pit for Habba.
Well, there is the pool at Mar-a-Lago.
What’s the going rate for liquid gold (aka Trump branded pool pee)?
I haven’t been paying super close attention to the Trump shenanigans at the RNC, but I listened to the NY Times The Daily podcast today which had me totally shadenfreuding in my shorts. I had no idea things were so dire on the RNC fundraising efforts and I don’t see things improving. And even if they did, he’ll totally be sucking up all those funds hurting all the rest of the Rs relying on it.
The RNC kitty has been seized by Drump, Inc. A fellow election denier and his daughter-in-law are co-chairs. A poo filled litter box remains for the down slate races.
Nitpick: “Chief Justice of the United States.”
That’s why I’ve always been baffled that a man who regularly boasts of his own vast wealth has spent so little of it on his own political campaigns, while relentlessly asking his supporters to send him more and more of their limited funds. And they do!
[MontyPython] I didn’t vote for him [/MP]
#notmychiefjustice
My understanding is that he cannot appeal until he pays the $464 million.
Good question. I have no idea. My guess is that they would seize the assets and then auction them off until they get the $464 million he owes. Then Trump can appeal, and if he wins they just give him the cash they collected at auction.
My understanding is that he can appeal, but that won’t stop the state from carrying out the judgment. There is always a chance the appeals court will allow him to post a lower bond or waive that requirement. Not a good chance but a chance.
N/M.
What Odesio said above is correct.
I think I poorly worded what amounts to the same thing. As in, we are saying similar things but I butchered it.
He can appeal, but that won’t do anything to stop them from seizing his assets on Monday unless he posts the $464 million, or finds a company to guarantee that they will pay that if he loses the appeal.
Of course no company will make that guarantee, and since he can’t post the $464 million himself, there is nothing standing in the way of what looks to be shaping up to be one of the most schadenfreudy Mondays in living memory.
I think what I was trying to say was he can’t use an appeal as a delay tactic to delay collection of that judgment unless he actually posts the full amount first.
It’s not limited to his New York assets, right? Can New York State seize Mar-A-Lago, for example?
Yes, I believe it’s not just possible to collect judgements across state lines, it is frequently done.
ISTR Florida has a homestead exemption for a personal residence. Setting aside whether Mar-A-Lago qualifies as a personal residence, can another state seize property in Florida despite that exemption? I know that the exemption does not apply for the case of unpaid taxes to Florida or the federal government.
Any real lawyers (especially those who know Florida law) are invited to weigh in…
The good news for Trump is that posting bond keeps them from going after his assets until the appeal is over.
The good news for the state of NY is that if Trump posts bond, that money’s in the bank. If he loses his appeal, they don’t have to go after his assets they just take the bond money.
(The bad news for whoever posts his bond is now they have to go after Trump’s assets to recover their money, and sort through the tangled web of TrumpCo finances.)
At least that’s my understanding.
Which is why it’s proving difficult. They like to get it all sorted out and locked in before they issue the bond so collection is easy at the end of the day.