Trump's bond requirement in civil case lowered substantially by appeals court

A New York appeals court on Monday agreed to hold off collection of former President Donald Trump's $454 million US civil fraud judgment — if he puts up $175 million within 10 days.The Associated PressFormer president Donald Trump, left, awaits the start of a pretrial hearing with his defence team at a Manhattan courtroom Monday in New York City.

The development came just before New York Attorney General Letitia James was expected to initiate efforts to collect the judgment. The ex-president's lawyers have said it's impossible for him to do that. They said underwriters wanted 120 per cent of the judgment and wouldn't accept real estate as collateral. That would mean tying up over $557 million in cash, stocks and other liquid assets, and Trump's company needs some left over to run the business, his attorneys have said.

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Trump Faces Moment of Truth for His Finances in Manhattan CourtAs Donald Trump sits in a Manhattan court room Monday for a hearing related to one of his criminal cases, he’ll also be facing a moment of truth for his finances: a deadline that same day to either post a bond to cover a $454 million civil fraud verdict or risk having New York state start the process of seizing some of his assets.
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Manhattan DA Says Trump's Efforts To Delay Hush Money Trial 'Must Be Stopped'Lydia is a HuffPost senior reporter in her hometown of San Francisco and a graduate of the University of Southern California's Annenberg School of Journalism. She has worked at HuffPost since 2013, when she was selected for that year's class of editorial fellows.
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