While Trump's donors have largely footed the bill for his campaign expenses -- with Trump's political committee spending more than $50 million on his campaign in 2023 -- the legal cases present a stickier challenge for Trump, who has built a reputation around his wealth. Courts allow defendants multiple mechanisms to collect damages, including liens and wage garnishments,
and the fines are not dischargeable through traditional protections like bankruptcy.
Multiple legal experts who ABC News spoke with suggested that Trump is unlikely to front the fines immediately, and will instead opt to delay any payment using a bond secured by his assets until after he exhausts his appeal options.
"You can post the full amount yourself or you can get a bond posted by a third party," according to former federal prosecutor Josh Naftalis. "You can kind of think of it as insurance, with a third party on the hook and you pay a portion."
Following a ruling in his civil fraud case Friday, Donald Trump faces what could be $540 million in damages and fines resulting from his civil trials over the last year.
abcnews.go.com
To declare bankruptcy, Trump would have to prove that the verdict outweighs his assets, something that is highly unlikely.
Two giant penalties handed down in a matter of weeks will cost him millions – and that’s only part of what he could owe
www.theguardian.com
and he parked his riches in revokable trust back in 2017. he can't even file for corporate bankruptcy.
Can Trump delay payment by appealing the verdicts?
No. In all three cases, he has to put money in an escrow account with the court or get a bond while he’s appealing the verdicts.
With the civil fraud verdict, which Trump has vowed to appeal, the amount to be posted or bonded is set by the court. It is typically about 120 to 125 percent of the judgment amount, to account for additional post-judgment interest that accrues during the appeal.
He’s now on the hook for nearly a half-billion dollars across three civil cases. These are the rules for when and how he must pay.
www.politico.com
it's not really looking good for the fraudy orange rapist. no wonder why he's so pissed. but hey, he's been screaming all day that he is going to appeal while doing the dance and putting on his show. but everything he ever says he is going to do has turned out to be bullshit, so we'll see if he means it this time he puts up the 450 or so million to appeal this one. probably closer to 500m if you include the interest that was hiked on.
he hasn't put down the 92.5 million to appeal the 83M jean carroll defamation suit ruling. he said he was gonna appeal that too and yet he hasnt and and time is ticking there too so as far as we're concerned, he's probably not going to even bother trying to appeal this one either. this crushes him more than the 5.5m he threw down to appeal the first defamation/rape ruling against him, so he's probably going to try to squirrel his assets away and try to stall these judgements out as long as possible. good luck trying to hide his properties once they come to seize his assets. either that or he's going to have to sell them, and the overseeing committee the judge just installed is just going to take their cut he owes the state and leave him with whatevers left.
i guess he's gonna have to start the save america go fund me or whatever. it is also now time to make sure all pressure is on the FEC to watch his campaign money closely for embezzlement.one of his few ways to remain solvent is to skim from the campaign.