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I expect Trump to liquidate NY assets and never cross State lines again... (Original Post) WarGamer Feb 2024 OP
He can move operations to Florida and sell the sinking swampy coastlands struggle4progress Feb 2024 #1
I don't know the net value... WarGamer Feb 2024 #2
Sell Trump Force 1 and fly Spirit Onthefly Feb 2024 #3
Not even that valuable... WarGamer Feb 2024 #5
It will hurt his ego to sell off his namesake properties. Irish_Dem Feb 2024 #20
Yes but he probably doesn't have a choice. WarGamer Feb 2024 #23
Exactly. There will be pain. And huge anger. Irish_Dem Feb 2024 #24
Not after paying capital gains and who knows if they are mortgage free Clearheadsam Feb 2024 #27
The value of the assets is not equal to Trumps value or net worth FHRRK Feb 2024 #29
Not according to Michael Cohen VMA131Marine Feb 2024 #39
The vermin infested plane barely flies! madinmaryland Feb 2024 #45
I don't think that Trump can sell anything in NY state without the permission of the court. Beakybird Feb 2024 #4
If they expect a Judgement... I'm sure they will OK sales. Why not? WarGamer Feb 2024 #7
Yeah, they can sell their NY real estate, but they can't pocket the money. Beakybird Feb 2024 #31
Has to go thru the special monitor. LiberalFighter Feb 2024 #18
My thought, too. If he's not able to do business, how can he negotiate and sell property? Deuxcents Feb 2024 #26
He has MAL and Doral in Florida, golf clubs in NJ, etc. obamanut2012 Feb 2024 #32
Right. Golf course in Scotland, but I thought we were talking about NY properties Deuxcents Feb 2024 #36
A New York entity can hold non-New York assets which can be seized for settlement. brooklynite Feb 2024 #37
Forbes says he has $400M+ in cash and liquid assets. TwilightZone Feb 2024 #6
He always has the bank of Russia. Irish_Dem Feb 2024 #22
What is the probability that some lazy fuck/kiss ass at Forbes took trump at his word FHRRK Feb 2024 #33
See My Post #35 ProfessorGAC Feb 2024 #43
Forbes! LOL! ProfessorGAC Feb 2024 #35
That's not the point. TwilightZone Feb 2024 #44
Waste Of Time ProfessorGAC Feb 2024 #46
He's 100% going to get his rubes to donate to pay Johnny2X2X Feb 2024 #8
I heard that the judge extended the independent monitor for three years Clash City Rocker Feb 2024 #47
He can't edhopper Feb 2024 #9
And you don't think the Court would give permission to sell? That doesn't even make sense. WarGamer Feb 2024 #10
Someone else would have to do the deal edhopper Feb 2024 #13
Donations. He'll juice his rubes Johnny2X2X Feb 2024 #11
Great! He owes 85M for his other civil trial. Voltaire2 Feb 2024 #12
He can't liquidate Fiendish Thingy Feb 2024 #14
So he asks the Court... if they want a Judgement, they'll let them sell WarGamer Feb 2024 #15
Well, if he intends to pay, sure Fiendish Thingy Feb 2024 #16
Actually I read the order. The Judge did NOT freeze the companies... WarGamer Feb 2024 #17
But the judge also appointed a Compliance Director Fiendish Thingy Feb 2024 #19
Compliance Director makes sure Trumps and Weisselberg are no longer directors. WarGamer Feb 2024 #21
Ironically, the Judge didn't restrict the BUSINESS itself. WarGamer Feb 2024 #25
Trump has to put up the money Progressive dog Feb 2024 #40
If They Try That... ProfessorGAC Feb 2024 #28
Given the current market for office space in major urban centers, OAITW r.2.0 Feb 2024 #30
Kristi Noem Mz Pip Feb 2024 #34
I expect him to appeal Progressive dog Feb 2024 #38
He will have to come back to NYC for the Stormy Daniels case.... lastlib Feb 2024 #41
He can simpy appoint Ivanka or Jared to "run" things Jose Garcia Feb 2024 #42

WarGamer

(12,539 posts)
2. I don't know the net value...
Fri Feb 16, 2024, 06:08 PM
Feb 2024

But he has LOTS to sell in NY.

Trump claims his penthouse at Trump Tower is worth $200m

We're about to find out

Irish_Dem

(48,770 posts)
24. Exactly. There will be pain. And huge anger.
Fri Feb 16, 2024, 06:41 PM
Feb 2024

Yes he doesn't have the liquidity to pay the fines.
Or he will be close to wiped out.

FHRRK

(568 posts)
29. The value of the assets is not equal to Trumps value or net worth
Fri Feb 16, 2024, 06:49 PM
Feb 2024

He has always been leveraged to the limit.

VMA131Marine

(4,162 posts)
39. Not according to Michael Cohen
Fri Feb 16, 2024, 07:02 PM
Feb 2024

There are outstanding mortgages on them which will substantially reduce how much cash he can raise.

TwilightZone

(25,553 posts)
6. Forbes says he has $400M+ in cash and liquid assets.
Fri Feb 16, 2024, 06:18 PM
Feb 2024

Andrew Weissman said much the same a bit ago on MSNBC. He said that this and the Carroll judgments would pretty much wipe out his liquidity and might require selling assets. So, he may have enough to cover, but very little cushion if the Forbes numbers are accurate.

Someone on MSNBC also noted (didn't catch who it was) that his remaining NY assets are unlikely to be worth enough to cover the $450M (with interest).

https://www.forbes.com/sites/alisondurkee/2024/02/16/can-trump-pay-his-legal-fines-what-to-know-as-ex-president-now-owes-more-than-440-million-after-fraud-trial-verdict/?sh=35d7305e11e1

The bigger problem is that this is going to make it incredibly difficult to acquire any other funding.

FHRRK

(568 posts)
33. What is the probability that some lazy fuck/kiss ass at Forbes took trump at his word
Fri Feb 16, 2024, 06:51 PM
Feb 2024

For his liquidity????

I call bullshit

ProfessorGAC

(65,589 posts)
35. Forbes! LOL!
Fri Feb 16, 2024, 06:54 PM
Feb 2024

In their last billionaires' list, they still didn't have the Deutsche Bank Germany & Bank of China loans in the liabilities column. These loans are public information.
The mentioned nothing about the loans to Russian investors that the idiot kid admitted existed or the Saudi loans the TFG himself acknowledged.
They said he was still worth $2.3 billion while ignoring over a billion in loans.
Now, we're supposed to believe Forbes' estimate of his liquidity?
Not i.

TwilightZone

(25,553 posts)
44. That's not the point.
Fri Feb 16, 2024, 08:07 PM
Feb 2024

You're free to believe whatever you want to believe, but pretty much everyone agrees on the $400M, including many sources other than Forbes. My point was that the assertion some are making that he has no liquid assets and nothing on which to borrow is simply false. Trump has no debt on several of his holdings in NY and he more than likely has a few hundred million in liquid assets.

As far as the Forbes total, most of the items are broken down by individual asset and its related debt here:

https://www.forbes.com/sites/danalexander/article/the-definitive-networth-of-donaldtrump/?sh=873cfa72a8ed

ProfessorGAC

(65,589 posts)
46. Waste Of Time
Fri Feb 16, 2024, 08:13 PM
Feb 2024

A thorough review of their last listing of his net worth was detailed in my last post. You posted a link to the very source I do not trust, with good reason.
And, you're relying on "other sources" to describe the liquidity of a guy who just got a $360 million fine for FINANCIAL FRAUD.
And, you're going to accept these estimates at face value. The numbers cannot be trusted.
That is the point.

Johnny2X2X

(19,409 posts)
8. He's 100% going to get his rubes to donate to pay
Fri Feb 16, 2024, 06:19 PM
Feb 2024

And watch, he’ll get busted for misusing campaign funds to try to pay this.

Clash City Rocker

(3,402 posts)
47. I heard that the judge extended the independent monitor for three years
Fri Feb 16, 2024, 09:15 PM
Feb 2024

Specifically to check if he did something like that. So hopefully they catch him in the act, because I’m sure he’ll try.

edhopper

(33,731 posts)
13. Someone else would have to do the deal
Fri Feb 16, 2024, 06:24 PM
Feb 2024

And it must be okayed by the courts. So who is buying his crappy properties?
He can't do business, he can't make the decisions, whoever will be running his company has to.

Johnny2X2X

(19,409 posts)
11. Donations. He'll juice his rubes
Fri Feb 16, 2024, 06:21 PM
Feb 2024

And watch, he’ll get busted for misusing campaign funds to try to pay this.

Fiendish Thingy

(15,737 posts)
14. He can't liquidate
Fri Feb 16, 2024, 06:25 PM
Feb 2024

He doesn’t run the company anymore, so he can’t liquidate it.

At least, not for three years.

Fiendish Thingy

(15,737 posts)
16. Well, if he intends to pay, sure
Fri Feb 16, 2024, 06:31 PM
Feb 2024

Do you think he’ll agree to pay?

I think the state, after prevailing in the appeal, will still have to move to seize his assets to resolve the disgorgement.

My guess is, he will drag the appeal out over three years, until he is control of his companies again, then he will liquidate, move his assets out of state, and leave his bond holder holding the bag.

If he can get away with it.

It will be fun to see if he has to do this from prison.

It’s all gonna be fun.

WarGamer

(12,539 posts)
17. Actually I read the order. The Judge did NOT freeze the companies...
Fri Feb 16, 2024, 06:34 PM
Feb 2024

He stopped Trump from serving as an officer or director. Cant they just appoint a new CEO?

ORDERED that defendants Donald Trump, Allen Weisselberg, and Jeffrey McConney are
hereby enjoined from serving as an officer or director of any New York corporation or other
legal entity in New York for a period of three years

Fiendish Thingy

(15,737 posts)
19. But the judge also appointed a Compliance Director
Fri Feb 16, 2024, 06:37 PM
Feb 2024

I’m guessing that person could quash any liquidation efforts.

WarGamer

(12,539 posts)
21. Compliance Director makes sure Trumps and Weisselberg are no longer directors.
Fri Feb 16, 2024, 06:40 PM
Feb 2024

That's ALL the Judge ordered.

Nothing stops the company from going forward.

Trump just can't be an officer or director.

Trump asks the Court to approve a new CEO and Board of Directors.

Progressive dog

(6,939 posts)
40. Trump has to put up the money
Fri Feb 16, 2024, 07:08 PM
Feb 2024

or he doesn't get to appeal. The state will charge interest, too.
Trump will still have to pay the court, even as appeals go through

Even though Trump is waiting on multiple appeals decisions, he will have to give the court the money to hold on to. If Trump wins any of his appeals, he can get his money back.

Trump has a few options in paying the court. He could pay up everything that he owes now in cash. Or he could try to get an appeal bond, meaning he wouldn’t have to pay all the cash up front in exchange for a premium and putting up collateral.

https://www.theguardian.com/us-news/2024/feb/16/how-will-trump-pay-trial-penalties

ProfessorGAC

(65,589 posts)
28. If They Try That...
Fri Feb 16, 2024, 06:49 PM
Feb 2024

...those properties will be worth less.
Knowing it's a fire sale brings the bargain hunter out in investors.
If one HAS TO sell, why would anybody pay other than a discount price?
Are the Saudis going to come to the rescue again?

OAITW r.2.0

(24,902 posts)
30. Given the current market for office space in major urban centers,
Fri Feb 16, 2024, 06:49 PM
Feb 2024

this probably would be a tough market to cash out of.

Progressive dog

(6,939 posts)
38. I expect him to appeal
Fri Feb 16, 2024, 07:01 PM
Feb 2024

if he can find the money to deposit to pay the award if he loses. He can't liquidate but even if he could it would be a fire sale. It's a lot of money to raise in 30 days even from his worshipers.

lastlib

(23,449 posts)
41. He will have to come back to NYC for the Stormy Daniels case....
Fri Feb 16, 2024, 07:12 PM
Feb 2024

If he's convicted, he may not be able to leave NY state jurisdiction for a while, except to attend his other trials. This is purely conjecture on my part, but it has been a practice in other kinds of cases in my experience.

Jose Garcia

(2,612 posts)
42. He can simpy appoint Ivanka or Jared to "run" things
Fri Feb 16, 2024, 07:27 PM
Feb 2024

His biggest problem is coming up with the money fot this judgemental and the one for Carrol.

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