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Specifically:
the state is preparing to try to seize Donald Trump’s golf course and private estate north of Manhattan, known as Seven Springs.
Trump now has four days to satisfy the judgment or sway an appeals court to allow him to post a smaller amount or defer posting the payment until after the appeal.
March 25th here we come.
I hope the first step is to pop a shitload of popcorn.
🍿
Will he have to pay rent to live in the Trump tower condo?
Apply to Access HRA at access.nyc.gov for Section 8 and rental assistance!
Turning his properties into section 8 housing would be downright poetic. If only.....
The Barrack Obama Institute of Diversity and Equality
Better if his apartment in trump tower is the only place he has left to live, lol
Just wall his dumpy ass in there like Countess Báthory. Leave a small gap for someone to deliver hamberders for the rest of his life.
I'm wondering how many of his assets are seize-able. Is the Tower owned by him or by his corporation? Are his corporation assets seize-able?
He owns a lot of it personally. What’s at issue is how much of it is mortgaged or otherwise indebted to others. Trump’s finances are a house of cards, and he’s probably leveraged right up to his cotton candy bouffant. So, the question becomes: how much are his assets actually worth?
The WSJ recently estimated that, on its face, his portfolio was worth about $3B, but nobody knows how much debt there is or if it’s actually worth that much since Trump is famous for (and was - in this very case - just found liable for) lying his ass of for decades about his real estate’s true worth. This is also probably why he can’t get a bond for such a large amount in this case— he’s a known fraudster who never pays his debts and will almost certainly lose this appeal.
So, not only is he fucked, he’s probably already broke or close to it, and nobody’s going to loan him shit. Trump will probably have to declare bankruptcy, and I can’t imagine anything worse for him. It might just kill him.
“Trump’s finances are a house of cards, and he’s probably leveraged right up to his cotton candy bouffant.”
Hilarious!
Why he's already done it before. Granted it's been settle and he's probably forgotten but this is where. He.Belongs. with all the poor's he keeps fleecing. ...
There's also the fact that a lot of it is owed to Russian banks who would have a hard time collecting given the current banking restrictions.