What happens if Trump can’t secure $464m bond in civil fraud case? Here’s what to know
The Republican Party’s nominee to face President Joe Biden could be facing a financial crisis on top of a mountain of legal obligations, including 88 criminal charges, with at least one criminal trial and verdict expected before Election Day.
In a revealing court filing on 18 March, lawyers for Donald Trump said that he has tried to get help from at least 30 companies who can post a bond in excess of $454m after he lost a civil fraud trial in New York earlier this year.
But none of them could, and now he faces the “practical impossibility” of coming up with the money before the state’s imminent deadline to enforce the judgment against him, according to his attorneys.
The extraordinary circumstances also raise the
