Trump’s attorneys have indicated that he faces “insurmountable difficulties” in obtaining a bond to cover the full $464 million judgment imposed by Judge Arthur Engoron. As a result, they have requested that the appeals court allow Trump to post a smaller bond or no bond at all. If Trump cannot secure the bond by Monday’s deadline, James could begin the legal process of seizing Trump’s bank accounts and physical assets through liens and foreclosures.
In a recent letter to New York’s Appellate Division, Trump’s attorney Clifford Robert criticized James’ proposal that Trump could either secure multiple smaller bonds or hand over properties to the court. He described these suggestions as “illogical,” “unconstitutional,” “impractical,” and “unjust.” He argued that forcing the sale of Trump’s iconic, multi-billion-dollar real estate holdings in a “fire sale” would be unreasonable and akin to an unconstitutional Excessive Fine and a Taking.
