Trump Faces Risk of Asset Seizure as Deadline Looms for Bond Payment.

By Caroline Ameh

As the deadline approaches for former President Donald Trump to secure a bond for the $464 million civil fraud judgment against him, legal teams are intensifying efforts to navigate the complex legal landscape.

Following a ruling by Judge Arthur Engoron in February, Trump is personally liable for over $454 million, with the total sum reaching $463.9 million when including debts from his sons, Eric and Donald Jr., and the Trump Organization, along with accrued interest.

Note that , if Trump fails to secure the necessary bonds while appealing the ruling, experts anticipate the seizure of various assets, including buildings, houses, cars, helicopters, and his plane. While seizing bank accounts is deemed relatively straightforward, the process for properties is more intricate and time-consuming.

State prosecutors have already taken legal steps to seize Trump’s assets in New York, filing judgments in Westchester County for properties such as his golf course in Briarcliff Manor and his private estate known as Seven Springs.

Regarding Mar-a-Lago in Florida, a key legal battle could revolve around defining how much of it constitutes Trump’s primary residence, potentially impacting its protection under the law.

Bankruptcy remains an option for Trump, although it is one he would prefer to avoid, as it would halt collection enforcement and potentially discharge the debt entirely. Selling smaller properties is also suggested as a means to mitigate the debt.

While Trump claims to have nearly $500 million in cash, his attorney clarifies that this figure represents assets reported on campaign disclosure forms, which are being targeted by the New York Attorney General’s office.

The looming financial burden, coupled with legal battles, presents a significant challenge for Trump and his organization, potentially signaling a tumultuous future for the former president in New York.