I suspect it is coming soon because the clock is ticking on those judgements.
Edited on Feb 22, 2024 11:02pm
I suspect it is coming soon because the clock is ticking on those judgements.
Originally posted by: Mark
I suspect it coming soon because clock is ticking on those judgements.
The answer is "never." It wouldn't help him--because bankruptcy is a court petition and isn't granted just because you file for it. And should such a petition be granted, Trump would have to turn over control of ALL his assets to the bankruptcy trustee appointed by the court.
Also, he's only bankrupt if his liabilities substantially exceed his assets, and that's not a given...yet.
Originally posted by: Kevin Lewis
The answer is "never." It wouldn't help him--because bankruptcy is a court petition and isn't granted just because you file for it. And should such a petition be granted, Trump would have to turn over control of ALL his assets to the bankruptcy trustee appointed by the court.
Also, he's only bankrupt if his liabilities substantially exceed his assets, and that's not a given...yet.
I suspect his liabilities do exceed his assets.
1. He used a Bail Bondsman to post his 200k bond in Georgia. Given that they charge exorbitant intrest rates, I find it really odd that a so called billionaire couldn't come up with 200k.
2. He didn't appeal a recent ruling in a civil case that said yes, his January 6th victims can sue him. That case will likely result in another very large judgment against him.
3. He inserted his daughter-in-law to run the RNC. Despite David's claims that this wasn't so Trump could loot the RNC's money to pay his bills, his daughter-in-law has since stated that the Republican party should pay Trump's judgments.
4. When his Presidency ended he changed his legal residence to Florida. Florida has an unlimited homestead exemption for bankruptcy. Meaning, he would get to keep Mar a Lago even if he files BK.
Maybe never - he sold all of his $400 gym shoes.
And that really undermines Republican propoganda about how about how bad the economy is. They say they cant make ends meet but they're buying $400 sneakers.
Originally posted by: Mark
I suspect his liabilities do exceed his assets.
1. He used a Bail Bondsman to post his 200k bond in Georgia. Given that they charge exorbitant intrest rates, I find it really odd that a so called billionaire couldn't come up with 200k.
2. He didn't appeal a recent ruling in a civil case that said yes, his January 6th victims can sue him. That case will likely result in another very large judgment against him.
3. He inserted his daughter-in-law to run the RNC. Despite David's claims that this wasn't so Trump could loot the RNC's money to pay his bills, his daughter-in-law has since stated that the Republican party should pay Trump's judgments.
4. When his Presidency ended he changed his legal residence to Florida. Florida has an unlimited homestead exemption for bankruptcy. Meaning, he would get to keep Mar a Lago even if he files BK.
The verdict will be thrown out.
Originally posted by: Mark
I suspect his liabilities do exceed his assets.
1. He used a Bail Bondsman to post his 200k bond in Georgia. Given that they charge exorbitant intrest rates, I find it really odd that a so called billionaire couldn't come up with 200k.
2. He didn't appeal a recent ruling in a civil case that said yes, his January 6th victims can sue him. That case will likely result in another very large judgment against him.
3. He inserted his daughter-in-law to run the RNC. Despite David's claims that this wasn't so Trump could loot the RNC's money to pay his bills, his daughter-in-law has since stated that the Republican party should pay Trump's judgments.
4. When his Presidency ended he changed his legal residence to Florida. Florida has an unlimited homestead exemption for bankruptcy. Meaning, he would get to keep Mar a Lago even if he files BK.
Nothing would stop creditors from attaching liens to the place. All the homestead exemption does is prevent that particular asset from being liquidated in the course of bankruptcy proceedings. Any of the ten thousand other people the Turd owes money to can still sue his companies.
Originally posted by: Kevin Lewis
Nothing would stop creditors from attaching liens to the place. All the homestead exemption does is prevent that particular asset from being liquidated in the course of bankruptcy proceedings. Any of the ten thousand other people the Turd owes money to can still sue his companies.
HAHAHAHAHAHA
Originally posted by: Kevin Lewis
Nothing would stop creditors from attaching liens to the place. All the homestead exemption does is prevent that particular asset from being liquidated in the course of bankruptcy proceedings. Any of the ten thousand other people the Turd owes money to can still sue his companies.
I'm not an expert on Florida law, but in most States the value of the homestead exemption cannot be impaired by a lien. That is why Florida is a desirable location for those thinking they're gonna have to file bankruptcy.
Originally posted by: David Miller
The verdict will be thrown out.
Bad news, cupcake. While it is on appeal, New York state requires that Trump post 100% of the judgment amount plus interest. And the statutory interest rate in New York is 9%. And Trump just doesn't have that.
He will most likely declare personal bankruptcy next month which would allow him to DELAY the reckoning day. That's the most important thing to him.
He's OK if he can get enough David Millers to sell their internal organs for him.
