Former President Donald Trump Faces Uphill Battle to Secure Appeal Bond in New York Business Fraud Case

Former President Donald Trump is facing a substantial fine in a New York business fraud case, which could wipe out most of his claimed cash. He needs to secure a bond, estimated at over $540 million, and may have to liquidate assets to do so. His appeal could take years, and his potential presidential status adds complexity for bond companies. Trump's wealth and business practices have been under scrutiny in court, causing potential reservations for bond agents. The appeal bond is crucial to prevent further delays in judgment payment. Trump is expected to post a bond of approximately $400 million within 30 days to file an appeal. The judgment also includes a three-year ban on Trump running a business in New York and applying for loans from state-registered financial institutions. If Trump loses the appeal, converting his assets to cash could be challenging, given their illiquidity. Trump's legal penalties could lead to a bankruptcy declaration, despite Forbes estimating his net worth at around $2.6 billion in February.