this post was submitted on 07 Mar 2024
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I wish the judge's ruling would simply quote this part and then say, "Yep." And then the legalese indicating the the request is denied.
(Also -- I actually don't agree that him trying to squirm out of paying means anything in particular about whether he has the money. Delaying and avoiding paying big bills and hoping that if he stalls them enough, they'll go away, has been Trump's MO since the 1980s.)
I assume he is unable to come up with enough cash because his liquid cash has been worn down and he can't free up enough from his illiquid funds because that is in properties that he can't sell or securities that are not in the green.
He could put up securities or even property as collateral for an asset back loan to cover the bond, but that comes with other issues.
He can sell, unless there’s some really hokey contract clause with local/state government regarding continuation of service or whatever.
He doesn’t want to sell, and not at the discount rate a quick sale like this would require. He screwed himself on getting loans even before the judgement blocking financing the penalty, what banker would look at an adjudicated conman, with a history of non-payment even when court ordered, and seriously present half a billy as a good investment for their fund/shareholders?