What happens if Trump can’t secure a bond for his $464 million civil fraud judgment?

Denny Irwanto

Donald Trump has boasted that his assets include the “Mona Lisas” of real estate, but the former president risks losing some of those properties and unraveling his personal finances if he can’t satisfy the judgment in his $464 million civil fraud case by next week .

New York Attorney General Letitia James could ask the court to freeze Trump’s bank accounts, begin collecting rent from the tenants of his buildings, subpoena the former president for his personal financial information including tax returns, and request that the New York City Sheriff auction his trophy properties within months, according to several experts in the judgment collection industry who spoke with ABC News.

In a filing this week, Trump’s lawyers told the court that securing a bond for the full judgment was a “practical impossibility” after more than 30 insurance companies declined to accept Trump’s cash and properties as collateral.

“If he does not have funds to pay off the judgment, then we will seek judgment enforcement mechanisms in court, and we will ask the judge to seize his assets,” James said in an exclusive interview with ABC News last month.

PHOTO: New York Attorney General Letitia James speaks during a press briefing, Feb.  16, 2024, in New York.

New York Attorney General Letitia James speaks during a press briefing, Feb.

Read More