Bankruptcy may not be in the cards
by NJDoubleDomer (2024-03-19 08:28:08)

In reply to: If he can't get COA to issue a stay  posted by ratinatux

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The inability to secure a bond does not necessarily equate to there being a bankruptcy option. Bonding companies want security for 120% of the judgment. Bonding companies look to available collateral for security, here, the real estate, and conclude they don't want illiquid collateral, especially real estate that's already liened up. Stated differently, there may not be enough real estate equity to secure 120%. Trump may have sufficient assets to pay off the secured and unsecured creditors, plus the plaintiff. I'd wager he does which moots out bankruptcy. It's just that no bonding company will take the risk on security. Stay tuned....

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