A single bankruptcy won't be enough to keep Donald Trump from losing his properties.
Former President Donald Trump filing for bankruptcy following the ruling in his civil fraud case may not save the former president, according to a legal analyst.Trump's legal team has admitted that they've been unable to secure a $464 million bond they could need to prevent New York Attorney General Letitia James from seizing his assets. Trump has until Monday to secure a bond or turn over cash to satisfy the judgment or risk losing his properties and money while he appeals the judgment.
What we know:Last week, Trump's legal team admitted that they have been unable to come up with the bond amount, calling it 'a practical impossibility.''Despite scouring the market, we have been unsuccessful in our effort to obtain a bond for the Judgment Amount for Defendants for the simple reason that obtaining an appeal bond for $464 million is a practical impossibility under the circumstances presented,' Trump's legal team said in a filing last week.
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