Maybe?
But one thing?
Donald J. Trump WILL pull a rabbit out a hat come the end of this week….
One way or another?
If he can’t pay the helf Billion dollars?
He’ll figure out a way to deal with it and try to keep his plane….
A bankruptcy filing by Trump personally or by one of his companies could delay for months or years the requirement that he pay the judgment of nearly half a billion dollars, which with interest is growingby more than $100,000 a day. A federal judge would be charged with the time-consuming task of determining how and when each of his creditors, including the state, would be paid. In the meantime, Trump could focus on his campaign and not the debt.
Trump does not have the cash to secure a bond that would delay enforcement of the $464 million judgment while he appeals, his lawyers say. No bonding company will accept real estate — which accounts for most of Trump’s wealth — as collateral. If no bond is posted by Monday, New York Attorney General Letitia James (D) could move to seize his assets, including bank accounts or properties such as Trump’s Manhattan office tower at 40 Wall Street.
“He’d rather have Letitia James show up with the sheriff at 40 Wall and make a huge stink about it than say he’s bankrupt,” one of the people close to Trump said. “He thinks about what is going to play politically well for him. Bankruptcy doesn’t play well for him, but having her try to take his properties might.”….
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Filing for bankruptcy would mean forgoing more control over his business and may force him to make undesirable sales or other transactions down the road.
He would also have to explain himself on the campaign trail, but he has some experience with that.
During a 2015 GOP primary debate, moderator Chris Wallace asked Trump why he should be trusted with the nation’s finances given his bankruptcies. Six of his companies filed for bankruptcy in the 1990s and early 2000s after his Atlantic City casinos fell into debt.
Trump replied that he had started hundreds of companies and only had to use bankruptcy protection a handful of times, much the way other successful business executives had. He pointed out that other Atlantic City gaming companies had filed for protection as well. The banks he owed, he said, were “killers.”
“I have used the laws of this country just like the greatest people that you read about every day in business have used the laws of this country, the chapter laws, to do a great job for my company, for myself, for my employees, for my family,” he said.
Kaitlan Collins
@kaitlancollins
“The other way is he finds a third party. That is the one that for me…is raising national security concerns, because you really don’t want someone who’s running for president…to have hundreds of millions of reasons to be beholden to somebody,”
@AWeissmann_
on Trump’s bond.
What if Putin gave him the money???????