Donald Trump just lost his last ditch effort to avoid paying his bond
If you’ve been wondering whether Donald Trump has the money to pay the two massive bonds in his civil verdicts, look no further than Trump’s recent request for a three day delay in the E. Jean Carroll bond deadline. He’s had a month to pull the money together. Why would he need three more days?
In any case, the judge in the case just rejected Trump’s last ditch request. That means the deadline is the end of this week, and if Trump can’t pay, the collection process will begin on Monday.
Remember, it’s still possible that Trump will manage to pull together the money to post bond in the Carroll case. He appears to be trying to cobble together what he can. And while no one thinks he has enough money to post the roughly half billion dollar bond in the New York verdict, he’d only need to post about $100 million in the Carroll case. That’s still a lot of money for someone who appears to be broke, but you never know how much or little liquidity he has in his various distressed real estate assets.
So now we wait. But we won’t have to wait long. If Trump can’t come up with $83 million this week, the process of his assets being taken from him will begin next week. Tick tock.
