I’m not going to even smirk over this until the appeals are over and NY gets the cash.
Then I’m gonna laugh my ass off. Maybe even break open that bottle of Pappy.
I’m free that day.
Just sayin’…
I had to google that.
Unopened bottle of the 12 year old. Last auction sale I’m aware of it fetched $1200+.
It will have to be a special occasion. TFG so humbled just might make the grade.
All I have is a bottle of Talisker 15 year old, but that will have to do.
I’ll just stick to my Fireball.
I’ve got a split of champagne waiting in the fridge.
Oban 14 year old single malt here.
Following up on the “nobody gets bonds this big” theme, Forbes has produced an article with four examples of billion dollar bonds, disproving Trump’s claims.
And to answer a question from several posters in this thread, in some of those cases, the bonding was split up between different companies, to split up the risk.
One difference is that the companies seeking the bonds in those four cases were large, publicly traded, companies, not private closely held companies.
Glenmorangie Cellar 13 First Fill Casks (no longer produced).
I’m guessing another difference is that the companies involved that had to put up assets as collateral were not hit with a judgement based on falsely valuing their assets.
This seems like an important factor.
John Walker Blue will have to suffice.
Sounds like Chubb may have been taking a reputation hit for giving the bond in the Carroll case:
I’ve no idea how plausible this is, but, as a pessimist when it comes to stopping the Trump train, I have to post it:
From the quote, not from Philly Guy]
The court isn’t really involved. The State AG takes the judgment and starts collecting.
ETA My link isn’t working, but the NYS website says this:
Collection tools:
- A very important tool to help you collect money or property from the Debtor is called a Transcript of Judgment. This is used when you want to Make a Judgment Work in a Different Court or County.
- If the Debtor has a bank account: The Creditor can serve a Restraining Notice signed by the Court Clerk on the bank to stop the Debtor from withdrawing money. A Restraining Notice can also be used to stop someone who owes money to the Debtor from paying it back until your debt is paid.
- If the Debtor has a job: The Creditor can use an Income Execution to make the Debtor’s boss pay part of the Debtor’s salary to him or her. This is called garnishment. The Creditor fills out an Income Execution form and has it signed by the Court Clerk. Then the Creditor gives the Income Execution to an Enforcement Officer. Read People Who Collect the Debtor’s Money.
- If the Debtor has land: A judgment filed in a County Clerk’s Office becomes a lien on the Debtor’s land or land he or she buys in the county. Having a lien means that the Debtor can’t sell the property without paying the Creditor.
- If the Debtor has personal property, like a car, boat or jewelry: The Creditor can fill out a Property Execution and give it to an Enforcement Officer to use to take the Debtor’s personal property. Read People Who Collect the Debtor’s Money.
- If someone owes the Debtor money: The Creditor can fill out a Property Execution and give it to an Enforcement Officer to make the person pay the Creditor instead of the Debtor. Read People Who Collect the Debtor’s Money.
I only have caffeine free diet soda. But I do find it festive.
Right? I’m just fucking petrified right now.
Exactly. Those are all what are called “ministerial functions” that don’t involve discretion by the clerk.
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Is there a judgment?
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Is the person filing the document a representative of the judgment creditor?
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Is the document filed to enforce the judgment against property owned by the judgment debtor?
If the answers to any of those questions (greatly simplified for the purposes of discussion) is “No”, then the clerk doesn’t issue the enforcement document. If the answer is “Yes”, then the clerk issues the enforcement document.
If the enforcement document is issued, then the bailiffs (or whatever they’re called in NY), hired by the judgment creditor, go to town to enforce the judgment.
It can get back in front of the judge, if the judgment debtor tries to challenge the enforcement. And then the judgment debtor has to point to applicable law, in statutes or case law, that says the enforcement document should be set aside.
So where in NY state law is there a provision that says: “No civil judgment shall be enforced against a candidate for President of the United States”?
Note that the author of that article doesn’t give any cite, or case, or statute, that supports his conclusion that “the courts” won’t enforce a civil judgment against a presidential candidate. It’s nothing more than his opinion.
As for his comment that everything is a negotiation, even in law, there is a some truth to that. The parties can negotiate, can try to reach a settlement, and that settlement might then be monitored by the court.
But as one judge, in a case I was on, said to us: “Counsel, this trial is just beginning. It carries substantial risks for both sides. It’s always open to you to try to reach an accommodation. But if you can’t do so and it goes to judgment, I have to follow the law, and one party or the other will likely be badly disappointed.”
The parties declined the judge’s encouragement to settle; it went to final judgment; my client lost bigly, just as the judge had warned.
And then it was too late to try to negotiate.
So we appealed and won.
Then it was the other party who lost bigly.
Point is, the author of the article is right that there’s lots of room in the law for negotiations. But once it gets to a trial verdict, the room for negotiation is pretty much gone, other than something along the lines of “Would you rather have $10,000 now, or fight me for $100,000, five years from now?”
I wonder if he will prove a king of delay on these.
Wikipedia says that Trump owns the 40 Wall Street lease, but Since 1982, the building has been owned by two German companies. I have no idea what I just wrote means, except it sounds like it would make it complex to seize the building.
I think Trump Tower is mostly condos that were sold shortly after the building was completed. There must be rules on giving notice before evicting, and ways to appeal, right? I guess that Trump owns his own apartment. I’m going out on a limb and predict he is not going to be evicted before election day.
Mar-a lago? Do it’s members, who paid a big up-front fee, have no rights?
Trump says he will be a dictator on day 1 of his presidency, and then we supposedly go back to being a representative democracy. If he wins, he will try to get his money back on his dictator day,
I wonder if that means the creditor can seize the lease, and either collect the rental income coming in, or sell the lease to someone else for cash.