Trump is the sort of 'patriot' who will declare bankruptcy rather than pay the court damages awarded by the legal system. I feel for her.
You cannot use bankruptcy to escape a court judgement. Judgements are among the highest-priority debts in a bankruptcy proceeding and would be among the first to be discharged. Trump's wealth may be largely fake, but he certainly has the money for this judgement just in the form of his real estate holdings. Aint escaping it. Her worst case is getting a lien, which would honestly be hilarious against a "real estate mogul".
You CAN be a deadbeat, but the debt continues to exist and new lawsuits can claw resources from you any time the plaintiff is able to identify them.
Not a great system, but this particular loophole does not exist.
And conviently enough, due to another, larger judgement, all of the Trump Org's assets are being overseen by a court-appoitned monitor right now. I will bet his personal assets are so intertwined with the Trump Org's assets that he can't really separate them. There really won't be any way to avoid this.
And I bet he is only funding his current lifestyle on campaign donations at this point. If he loses the election, watch for him to immediately file for 2028, just to be able to continue to "campaign" (which is really code for "cover all my living expenses while campaigning").
What do you think is the timing on it? Can he delay forever like he does with everything else?
Trump claims that he’s going to appeal, but in order to do that in NY, he must place 120% of the judgment amount into an escrow account until the appeal is complete. Since he’s definitely going to lose, at that point, the state would simply give the money to Carroll. It may be the most certain way that he’ll pay. 
Edit: 120 to 100
edit 2: 100 to 120
Why 120%? To cover the interest that will accrue during the process?
Typo. I meant 100%. I fixed it.
You were correct the first time. It's 120%.
lol, ok, fixed it again
Why 120%? To cover the interest that will accrue during the process?
sorry I didn’t answer before— I don’t know why 120%.
edit: according to some others who have answered this: it’s to cover any interest which might accrue during the appeal process.
Lol I was just joking around. Another article mentions it's to cover interest.
oh, no I felt bad that I didn’t answer the last person who asked because I got confused.
is it to cover interest? one would think that the holding institution would do that, but it makes sense that that shouldn’t be the ones responsible in a trust/escrow situation. I thought it might be a court fee situation, but a percentage amount wouldn’t make sense for that.
thanks for doing the research!
In fairness, I didn't actually do the research. Just saw this comment on another thread:
He can definitely delay so long as there are appeals tied up. After that, every time he digs in his heels it's another round of lawsuits until a court has the balls to hold him in contempt and put him in jail or else order asset seizure through a cooperative bank or the like.
Trump is the sort of 'patriot' who will declare bankruptcy rather than pay the court damages awarded by the legal system. I feel for her.
You cannot use bankruptcy to escape a court judgement. Judgements are among the highest-priority debts in a bankruptcy proceeding and would be among the first to be discharged. Trump's wealth may be largely fake, but he certainly has the money for this judgement just in the form of his real estate holdings. Aint escaping it. Her worst case is getting a lien, which would honestly be hilarious against a "real estate mogul".
You CAN be a deadbeat, but the debt continues to exist and new lawsuits can claw resources from you any time the plaintiff is able to identify them.
Not a great system, but this particular loophole does not exist.
And conviently enough, due to another, larger judgement, all of the Trump Org's assets are being overseen by a court-appoitned monitor right now. I will bet his personal assets are so intertwined with the Trump Org's assets that he can't really separate them. There really won't be any way to avoid this.
And I bet he is only funding his current lifestyle on campaign donations at this point. If he loses the election, watch for him to immediately file for 2028, just to be able to continue to "campaign" (which is really code for "cover all my living expenses while campaigning").
What do you think is the timing on it? Can he delay forever like he does with everything else?
Trump claims that he’s going to appeal, but in order to do that in NY, he must place 120% of the judgment amount into an escrow account until the appeal is complete. Since he’s definitely going to lose, at that point, the state would simply give the money to Carroll. It may be the most certain way that he’ll pay. 
Edit: 120 to 100
edit 2: 100 to 120
Why 120%? To cover the interest that will accrue during the process?
Typo. I meant 100%. I fixed it.
You were correct the first time. It's 120%.
lol, ok, fixed it again
Why 120%? To cover the interest that will accrue during the process?
sorry I didn’t answer before— I don’t know why 120%.
Lol I was just joking around. Another article mentions it's to cover interest.
oh, no I felt bad that I didn’t answer the last person who asked because I got confused.
is it to cover interest? one would think that the holding institution would do that, but it makes sense that that shouldn’t be the ones responsible in a trust/escrow situation. I thought it might be a court fee situation, but a percentage amount wouldn’t make sense for that.
thanks for doing the research!
In fairness, I didn't actually do the research. Just saw this comment on another thread:
https://lemmy.world/comment/7112583
sorry I didn’t answer this earlier— I don’t know why 120%
edit: according to some others who have answered this: it’s to cover any interest which might accrue during the appeal process.
He can definitely delay so long as there are appeals tied up. After that, every time he digs in his heels it's another round of lawsuits until a court has the balls to hold him in contempt and put him in jail or else order asset seizure through a cooperative bank or the like.
I don't think he has forever left in him. Lol
That's just business as usual.