General Discussion
In reply to the discussion: Trump has been unable to get bond for $464 million judgment, his lawyers say [View all]Shoonra
(523 posts)As a lawyer, I know that real estate can certainly be put up as collateral for a bond. But why can't Trump manage it? I have some suggestions:
1. His real estate holdings - having been held by a trial court - to have been fraudulently inflated, are simply not worth the amount of the bond, so if he lost on appeal, the insurance company could not recoup its expenditure.
2. Trump squirrelled away a good deal of his real estate so that it can't be reached by creditors. Tricks like putting his childrens' names on the deeds. He acts and talks as if it's his property, but if creditors tried to liquidate it they'd run into a brick wall.
3. Trump's real estate holdings are each relatively small but very numerous, and in multiple jurisdictions, so the expenses of claiming enough to recoup the bond would be prohibitive.
More than one suggested reason may be operative.