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LetMyPeopleVote

(182,366 posts)

7. The bond price should be 10% of bond amount but no one will issue bond without security

Reply to Silent3 (Reply #3)

Sat Jan 27, 2024, 05:55 PM

Jan 2024

TFG had to put cash into the registry of the court in lieu of a bond to appeal the first judgment. I suspect that TFG will have to do the same this time because he has few assets that are not pledged to cover over loans

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Please confirm this is true: The Court can seize the $83.3M without The Defendant's consent. [View all] Stinky The Clown Jan 2024 OP

I suspect they can if Trump doesn't pay. Problem is does he have anything without liens Silent Type Jan 2024 #1

The problem is here.... ProudMNDemocrat Jan 2024 #9

Well, he said he's going to appeal, so he will have to post what is called a supersedeas bond to secure the appeal. rsdsharp Jan 2024 #2

What would a "supersedeas bond" for $83.3M cost? n/t Silent3 Jan 2024 #3

If it is like Bail 10% dsc Jan 2024 #4

It's not. rsdsharp Jan 2024 #6

Apparently it is 20% for appeal bond dsc Jan 2024 #12

At least the amount of the judgment. It could be higher -- rsdsharp Jan 2024 #5

The bond price should be 10% of bond amount but no one will issue bond without security LetMyPeopleVote Jan 2024 #7

Unless a supersedes bond is in place, E.J. Carroll can start foreclosing on TFG's assets after 15 days LetMyPeopleVote Jan 2024 #8

The bond will be paid. It's really his only choice. WarGamer Jan 2024 #11

OPM Bmoboy Jan 2024 #13

He's going to post bond and drag it out as long as he can with appeals. WarGamer Jan 2024 #10