You cannot use bankruptcy to escape a court judgement. Judgements are among the highest-priority debts in a bankruptcy proceeding and would be among the first to be discharged. Trump’s wealth may be largely fake, but he certainly has the money for this judgement just in the form of his real estate holdings. Aint escaping it. Her worst case is getting a lien, which would honestly be hilarious against a “real estate mogul”.
You CAN be a deadbeat, but the debt continues to exist and new lawsuits can claw resources from you any time the plaintiff is able to identify them.
Not a great system, but this particular loophole does not exist.
And conviently enough, due to another, larger judgement, all of the Trump Org’s assets are being overseen by a court-appoitned monitor right now. I will bet his personal assets are so intertwined with the Trump Org’s assets that he can’t really separate them. There really won’t be any way to avoid this.
And I bet he is only funding his current lifestyle on campaign donations at this point. If he loses the election, watch for him to immediately file for 2028, just to be able to continue to “campaign” (which is really code for “cover all my living expenses while campaigning”).
He can definitely delay so long as there are appeals tied up. After that, every time he digs in his heels it’s another round of lawsuits until a court has the balls to hold him in contempt and put him in jail or else order asset seizure through a cooperative bank or the like.
You cannot use bankruptcy to escape a court judgement. Judgements are among the highest-priority debts in a bankruptcy proceeding and would be among the first to be discharged. Trump’s wealth may be largely fake, but he certainly has the money for this judgement just in the form of his real estate holdings. Aint escaping it. Her worst case is getting a lien, which would honestly be hilarious against a “real estate mogul”.
You CAN be a deadbeat, but the debt continues to exist and new lawsuits can claw resources from you any time the plaintiff is able to identify them.
Not a great system, but this particular loophole does not exist.
And conviently enough, due to another, larger judgement, all of the Trump Org’s assets are being overseen by a court-appoitned monitor right now. I will bet his personal assets are so intertwined with the Trump Org’s assets that he can’t really separate them. There really won’t be any way to avoid this.
And I bet he is only funding his current lifestyle on campaign donations at this point. If he loses the election, watch for him to immediately file for 2028, just to be able to continue to “campaign” (which is really code for “cover all my living expenses while campaigning”).
What do you think is the timing on it? Can he delay forever like he does with everything else?
Removed by mod
Why 120%? To cover the interest that will accrue during the process?
Removed by mod
You were correct the first time. It’s 120%.
Removed by mod
Why 120%? To cover the interest that will accrue during the process?
Removed by mod
Removed by mod
He can definitely delay so long as there are appeals tied up. After that, every time he digs in his heels it’s another round of lawsuits until a court has the balls to hold him in contempt and put him in jail or else order asset seizure through a cooperative bank or the like.
He has to post the entire judgement amount plus a little extra in order to file an appeal.
I don’t think he has forever left in him. Lol
Right along side student loans.