Donald Trump is threatened with bankruptcy. If you cannot pay the fine, your building, house, car, plane and helicopter can be confiscated.
Please note that this article was automatically translated using Microsoft Azure AI, Open AI, and Google Translation AI. We cannot ensure that the entire content is translated accurately. If you spot any errors or inconsistencies, contact us atResidents walk on 40 Wall Street, a building owned by Trump, in downtown Manhattan, New York, US, on March 19, 2024.and his fortune hang in the balance. Trump must pay a fine of 354 million US dollars plus interest of 100 million US dollars.
A court in New York last February found that Trump repeatedly lied about his wealth in financial reports provided to banks and other parties. He lied in order to obtain loans and make deals. Former US President Donald Trump spoke after exiting the courtroom to take a break at the New York Supreme Court on December 7, 2023.
Due to the deadline on Monday, Trump clearly has to pay the fine, unless the court intervenes or the New York attorney general gives him more time to raise the money. Trump may need to sell his properties or related assets to get a loan from the bank. He may even declare himself bankrupt. Last month, Trump offered a guarantee of 100 million US dollars to cover part of the fine when appealing. However, the offer was rejected by the judge of the Appeals Division of the New York Supreme Court. As part of the decision in the fraud case, Trump is also prohibited from conducting business in the state of New York for three years. Trump is also prohibited from seeking loans from institutions based in New York.Joe Biden.
Taking money from Trump's account would require state prosecutors to ask the New York City sheriff or US marshall to go to the main branch of any bank Trump owns with a court order.
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