Trump's 40 Wall Street value drop complicates AG James' seizure plans, with bankruptcy looming as Trump's potential way out.
As New York Attorney General Letitia James sets her sights on Donald Trump's assets, particularly targeting the skyscraper at 40 Wall Street to satisfy a hefty legal fine, a newly reported property valuation poses an unexpected hurdle.In February, Judge Arthur Engoron ruled in favor of James's lawsuit against Trump, sons Eric Trump and Donald Trump Jr.
The looming financial restructuring, which Forbes noted includes $120 million in debt due by 2025 and a ground lease poised to intensify financial pressure, puts the skyscraper in a precarious position.Trump, facing millions in legal fines and saddled with the dwindling asset, could find himself in a conundrum that complicates any straightforward asset seizure by James.
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