The bond Mr Trump is posting with the court now is essentially a placeholder.
Donald Trump posted a 175 million dollar bond on Monday in his New York civil fraud case, halting collection of the more than 454 million dollars he owes and preventing the state from seizing his assets to satisfy the debt while he appeals.
If that happens, the presumptive Republican presidential nominee will have to pay the state the whole sum, which grows with daily interest. Mr Trump is fighting to overturn a judge’s February 16 finding that he lied about his wealth as he fostered the real estate empire that launched him to stardom and the presidency.
The state courts’ Appellate Division has said it would hear arguments in September. A specific date has not been set. If the schedule holds, it will fall in the final weeks of the presidential race.
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