If he doesn't post a bond, I'm pretty sure all that means is that the judgement is due now. In other words, he can appeal with out posting a bond, but he still has to pay the judgement now.
Someone who practices civil law can chime in to tell me if I'm wrong about that.
"Trump also may need to maintain a certain amount of cash and a certain net worth to remain in compliance with his existing bank loans, which totaled at least $400 million... the real problem is what the interlocking sets of obligations are on these assets... several previous loans with Deutsche Bank said he would default if he failed to “maintain $50 million in unencumbered liquidity and a minimum net worth of $2.5 billion,"
Exactly. The media has been focusing on the amount of liquidity he has (he says $400M, but that's probably a lie), but if that cash is tied up in liquidity certs for other obligations, he can not use it either to pay the fine, or as collateral for a bond.
@Teri_Kanefield@GottaLaff yeah, I just thought it was a very important piece of the story that should be reported. I saw several analyses saying he's facing a cash crunch and could neither pay nor post a bond required to appeal; so I am curious how that changed. Did he get cash? How, from whom? Did he find a way out of the bond requirements for appealing a judgement?
@Teri_Kanefield@laprice@GottaLaff I wonder if he'll just try to brazen it out: not paying because he is appealing, not bothering with the bond, trying to block any attempts to collect by who knows what means.
No expertise in this at all, but can imagine him doing just this, and playing the victim while NY seizes his properties and auctions them off. It may be his best and only strategy.
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