• admiralteal
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      11 months ago

      You cannot use bankruptcy to escape a court judgement. Judgements are among the highest-priority debts in a bankruptcy proceeding and would be among the first to be discharged. Trump’s wealth may be largely fake, but he certainly has the money for this judgement just in the form of his real estate holdings. Aint escaping it. Her worst case is getting a lien, which would honestly be hilarious against a “real estate mogul”.

      You CAN be a deadbeat, but the debt continues to exist and new lawsuits can claw resources from you any time the plaintiff is able to identify them.

      Not a great system, but this particular loophole does not exist.

      • rigatti
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        611 months ago

        What do you think is the timing on it? Can he delay forever like he does with everything else?

        • gregorum
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          11 months ago

          Trump claims that he’s going to appeal, but in order to do that in NY, he must place 120% of the judgment amount into an escrow account until the appeal is complete. Since he’s definitely going to lose, at that point, the state would simply give the money to Carroll. It may be the most certain way that he’ll pay. 

          Edit: 120 to 100

          edit 2: 100 to 120

          • Bipta
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            311 months ago

            Why 120%? To cover the interest that will accrue during the process?

            • gregorum
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              11 months ago

              sorry I didn’t answer this earlier— I don’t know why 120%

              edit: according to some others who have answered this: it’s to cover any interest which might accrue during the appeal process.

        • admiralteal
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          211 months ago

          He can definitely delay so long as there are appeals tied up. After that, every time he digs in his heels it’s another round of lawsuits until a court has the balls to hold him in contempt and put him in jail or else order asset seizure through a cooperative bank or the like.

          • @obviouspornalt
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            111 months ago

            He has to post the entire judgement amount plus a little extra in order to file an appeal.

      • @[email protected]
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        611 months ago

        And conviently enough, due to another, larger judgement, all of the Trump Org’s assets are being overseen by a court-appoitned monitor right now. I will bet his personal assets are so intertwined with the Trump Org’s assets that he can’t really separate them. There really won’t be any way to avoid this.

        And I bet he is only funding his current lifestyle on campaign donations at this point. If he loses the election, watch for him to immediately file for 2028, just to be able to continue to “campaign” (which is really code for “cover all my living expenses while campaigning”).