Why New York State May Be Days Away From Seizing Trump’s Prized Assets

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Why New York State May Be Days Away From Seizing Trump’s Prized Assets
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Former President Donald Trump arrives to vote in Florida's primary election at a polling station in Palm Beach, Florida, on March 19, 2024.

Former President Donald Trump arrives to vote in Florida's primary election at a polling station in Palm Beach, Florida, on March 19, 2024.

The amount Trump needs to secure may seem like a feasible chunk of change for someone who regularly boasts that he’s a billionaire. But Trump apparently doesn’t have that much cash on hand. His lawyers have said it’s “impossible” for him to get the money in time, and Trump has balked at taking the kind of drastic actions necessary to get it.

But bond companies rarely accept real estate as collateral. In a Monday court filing, Trump’s lawyers said that it was a “practical impossibility” to secure the bond after roughly 30 companies That doesn’t include the $83 million he owes to E. Jean Carroll, the writer who accused him of rape, for making defamatory comments about her. Nor does it include the lawyers’ fees in his four separate criminal prosecutions.

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