Agree would have to satisfy other applicable tests
by ratinatux (2024-03-19 10:18:08)

In reply to: Bankruptcy may not be in the cards  posted by NJDoubleDomer

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And may not be able to do so. And my understanding is that his truth social shares may be worth billions (which makes it odd that he cant pledge them as collateral unless there is still too muvh uncertainty on the merger) I just meant that would be the only other potential route to stopping collection.

Of course, in principle the idea that a party could satisfy debts from non-liquid assets might be a pretty good reason for a stay—coupled with an injunction against transferring the assets—to the extent that a forced liquidation during appeal would result in a loss of value that would be unlikely to be recovered if the appeal is successful (i.e. irreparable harm).

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