He’s now on the hook for nearly a half-billion dollars across three civil cases. These are the rules for when and how he must pay.
Republican presidential candidate former President Donald Trump speaks at his Mar-a-Lago estate, Friday, Feb. 16, 2024, in Palm Beach, Fla. | Rebecca Blackwell/AP
Donald Trump has been hit with all three in the past nine months, with Friday’s $354 million penalty for New York business fraud by far the most massive.
He is now on the hook for over $440 million in civil judgments as he heads toward the Republican nomination — and as he prepares for one or more criminal trials this year.
Those criminal cases could put him in jail. And in the meantime, his escalating troubles in his civil cases are packing a devastating financial punch.
Even for a man who claims to be a billionaire, $440 million is a potentially crippling amount of cash to turn over. Can Trump afford the judgments? When does he have to pay them? And what happens if he says he can’t — or if he outright refuses?
Here’s a look at what comes next.
Can Trump afford to pay?
Trump’s company isn’t public, and he has famously refused to disclose his tax returns, so his cash flow situation is shrouded in mystery.
Even if he has $440 million in cash on hand — and it’s far from clear that he does — paying the judgments could wipe out his accounts, since Trump himself has placed his cash reserves in the ballpark of that amount.
Trump claimed in a deposition last year that he had “substantially in excess” of $400 million in cash on hand.
“We have, I believe, 400 plus and going up very substantially every month,” he said, adding: “My biggest expense is probably legal fees, unfortunately.”
But it’s unclear whether that number is accurate. That deposition, after all, was part of the very lawsuit in which a judge found that Trump has repeatedly inflated his net worth.
If he doesn’t have enough cash on hand, would he have to sell properties?
Trump would likely have to sell something, although it wouldn’t necessarily have to be property. He could sell investments or other assets.
What happens if he resists paying?
In the civil fraud case, which is in New York state court, if Trump can’t post the funds or get a bond, then the judgment would take effect immediately and a sheriff could begin seizing Trump’s assets.
The rules are slightly different in federal court, which is the venue for the $83.3 million judgment that Trump owes for defaming the writer E. Jean Carroll after she accused him of raping her. (He also owes Carroll an additional $5 million from a separate verdict last year.) Carroll could pursue post-judgment discovery under the jurisdiction of the judge who oversaw the trial. Through that process, the judge could order Trump to produce his bank account records, place liens or garnish his wages.
“I think he’s going to have to pay. And whether it requires him to sell or to put a lien on something to get a loan, that’s his problem, not ours. He’s going to pay,” Carroll’s attorney Roberta Kaplan said on CNN last month.
The judge, Kaplan added, will use “judgment enforcement mechanisms” to “make sure that he pays.”
If Trump truly can’t afford the judgments, he would have to declare bankruptcy.
Can Trump delay payment by appealing the verdicts?
No. In all three cases, he has to put money in an escrow account with the court or get a bond while he’s appealing the verdicts.
With the civil fraud verdict, which Trump has vowed to appeal, the amount to be posted or bonded is set by the court. It is typically about 120 to 125 percent of the judgment amount, to account for additional post-judgment interest that accrues during the appeal.
With last year’s Carroll verdict, which Trump has appealed, he turned over $5.5 million to the court, which was worth 111 percent of the judgment.
For the more recent Carroll verdict, which Trump has also vowed to appeal, 111 percent of the judgment would be $92.46 million. Trump has a 30-day window after the Jan. 26 verdict to either pay cash into the court’s escrow or get a bond while he appeals. If he chooses to file a bond, he will likely have to pay a 20 percent deposit ($16.66 million) and put up collateral, but it could come with fees and interest, making it more expensive in the long run. And it would require Trump to find a third party willing to take on the risk of loaning him money.
Does he personally have to pay the verdicts? Could he get his campaign or PAC or the RNC to pay?
The courts don’t have restrictions on the sources of funds used to pay judgments, and Trump would surely like to tap other funds than whatever money is in his own personal accounts.
He could transfer assets from the Trump Organization to himself in order to help satisfy the judgments.
Using his political vehicles to pay would be far trickier. There is a general ban on using campaign donations for personal uses unrelated to a campaign or the official duties of an officeholder. And as for his political action committees, Richard Pildes, a professor of constitutional law at New York University law school, said they can’t pay Trump’s judgments.
“Campaign funds cannot be used for that purpose regardless of whether the PAC is the decision-maker,” he wrote in an email.
Besides, Trump’s PACs may not be able to afford the judgments, since he has been using them to pay the many lawyers defending him across his criminal and civil cases.
The Republican National Committee doesn’t have the same ban on the personal use of funds as Trump’s campaign committee, but paying Trump’s judgments could jeopardize its nonprofit status.
As I said before, we bought / had an expensive roof put on the house. The roof company is well known and reputable, and in the time we have had their roof product they have been great in responding to any complaint. The roof comes with a lifetime warranty … excepting cat 5 hurricanes. So long story short which is hard for me, we had problems after we got the new roof.
The person they sent out was a very helpful and knowledgeable, and he helped us a lot. When he took off the kitchen bottom of the skylight water dripped out. He also found what we had not, that the bathroom skylight also had water in it. He replaced the bathroom one, but the kitchen one he said not to put back up as the material was too damaged and it might just give way. He said he wouldn’t have used the same sealant the first repair team did. So he took lots of pictures of the inside spots, and the roof. Then he went back to talk to the manager.
When he came back, he went on the roof and caulked every thing he said he could think of that might need it. We talked with him a long time after he got off the roof and came inside. We explained to him how every time we try to repair the house, something goes badly wrong. I told him how the first week we owned the house the refrigerator fell throw the floor, the third week I fell through the fool in the bedroom in front of Ron’s closet. I told him the house was cursed. We all laughed.
So at first he said after a couple rains to call the company back. I was not comfortable with that because that put it on us and to again call them and get the call service and all that. But after I talked to him, he said he would put it in his schedule to come and check in on us. Also the company will fix the damage around the skylight so it is secure again.
At this point I am not sure what more could have been expected or achieved. We got the company to address and deal with the issue. On the other hand, we have another issue problem to deal with in the kitchen. Below I will put the pictures. I will say this guy had years with the company, and he did not seem impressed with the work the repair team did. But we just need a roof that doesn’t leak, and he even said the recent mold problem we had was due to the roof leak, in his opinion. I doubt I will get much done the rest of the day. I have been awake since 2:30 am, and I got up at 4:04 am. With no naps, I am tired. Hugs. Scottie
So after hurricane Ian tore our home up, we had a new AMS metal roof put on. The old one lasted a long time and survived a lot of hurricanes undamaged, until the last one. But what roof is designed to withstand cat 5 hurricane strength eye wall winds for over 8 hours.
But the next rainstorm the inside ceiling tiles showed more water damage. Then a lot more. We called the company. They sent out a couple of guys, and they had to fix sometimes and seal the ridge. All fixed they said.
A couple of weeks later we had rain, and we had more leaks. Again we called the company. They said they would send someone out. Then last week it rained hard. Really long, a day and night. And water spots got worse and stayed wet. Ron called the company again.
Today they sent a nice guy out. He looked at it all, he touched the spot around the skylight. He took the skylight bottom out and water dripped out. Everything is wet. Then he went to the bathroom and took that skylight bottom out, it also was wet. He took pictures of everything. Told us he did not like the kind of sealant the first crew used. He said one problem is the inner roof has a plastic sheet over it, so that it is hard to tell where the water is coming in as it runs down the plastic. He took pictures to send to the manager and is calling him. I will let you know. But the good news is he showed Ron how to lower the skylight bottom to add length for the new ceiling tiles. Hugs. Scottie
This is a fucking hard short video to watch. Children found alive buried under ruble of bombed buildings. The rescuers are just normal people and they want to help so badly that they get into each other. Some try to yank the kids out, which hurts the kids, but others make them stop. There are a few that seem to know they have to move the stuff first to get the weight off the kids. These are the terrorist that Israeli is targeting with the bombs in crowded places, little kids and civilians. Israel has the most sneaky intelligence spies that tracked down German Nazis all over the world, why not use them to get Hamas members instead of killing over 20,000 civilian men, women, and so many innocent children. This is why Israel will never get rid of Hamas, the hate against them, will never win this war. They are just creating more people who hate them. I know from experience you can not have respect and love beaten into you. Israel won’t get the Palestinians to love them by abusing them, killing them, making their lives miserable, making them live in fear. Trust me that just breeds more hate and anger. Sad angry hugs. Scottie
This is the incredible moment Palestinians pull out children trapped underneath the rubble of a house in Jabalia refugee camp, northern Gaza, after it was hit by an Israeli airstrike.
Florida’s trend of experiencing population increases year over year is coming to an end as the state now sees a mass exodus of people fleeing the state. The main culprit is the lack of insurance companies that are willing to provide policies to homeowners in the state, leaving the hurricane-prone residents without a way to protect their property. Governor Ron DeSantis has done nothing to address this crisis as he continues his failing bid to become president. Ring of Fire’s Farron Cousins explains what’s happening.
Great history lesson on how Israel was created and the people already in Palestine. The person being interviewed, Bassem Youssef, goes back to 1914. Lance gives more information towards the 42 minute mark. This is a great listen if you want to know about this conflict. Hugs. Scottie
While most (myself included) thought this would be another satire filled embarrassment for Piers Morgan, Bassem Youssef uses the platform to educate the world on Palestine.
If you want to understand this conflict, if you want to see what real bigotry / racism is watch this video. There is no doubt who is in the wrong, who are the villains really are. Hugs. Scottie
On October 7, Hamas, a militant group based in the Gaza Strip, launched a deadly attack on Israel, killing over 1,400 Israelis and kidnapping over 200. In retaliation, Israeli airstrikes have killed, as of this video, over 6,400 Palestinians in Gaza, where Palestinians have lived for decades under an occupation and blockade.
Since 1967, Israel has imposed tight restrictions on travel and essential goods such as food, fuel, medicine, and water in its occupied territories. In 2007, those restrictions became even tighter in Gaza after Hamas seized power there. Since then, it has been nearly impossible for Palestinians to leave Gaza or to access an adequate supply of essential goods.
Today, the Gaza Strip, with a population of over 2 million Palestinians, is a victim of what many call “collective punishment” as Israel bombards its population, shuts off access to internet, power, food, water, and medicine, forces them to leave their homes, and prepares for a ground invasion.
This latest episode of Vox Atlas explains how the experience of Palestinians in Gaza got to this point, and what’s behind Israel’s occupation and its blockade of Gaza.
How greatly the republicans in that state must hate brown people. If given half a chance, they would gleefully restart slavery. I don’t see how this is even legal. Think of where this money could be spent to help the people. Hugs
Texas is adding to its border wall to deter migrants from entering the state by constructing a barrier between itself and New Mexico.
“Texas installs fencing along NEW Mexico border. Our barriers around El Paso forced the migrants crossing illegally to enter into New Mexico. They then entered into El Paso from there. To end that, we are building a barrier on the New Mexico border,” Texas Gov. Greg Abbott (R) wrote on X, formerly known as Twitter.
Construction of a wall along the Texas-Mexico border has been in the works for months since Abbott committed to the project in 2021. He has continually posted videos and images of the border wall on X, but last week’s announcement revealing the construction of a wall between Texas and the neighboring state of New Mexico marks the latest step in his Operation Lone Star.
KFOX14 reported earlier this month that members of the Texas National Guard reinforced the wall between New Mexico and Texas with concertina wire — a type of barbed wire that already lines the Texas-Mexico border. Abbott said Texas had plans to build a barrier between the two states during an appearance at the Manhattan Institute last month.
“Earlier this month, Texas Governor Greg Abbott announced the placement of razor wire fencing along the Texas-New Mexico border north of the Rio Grande near Sunland Park, NM. This is the latest Operation Lone Star stunt funded by the working Texas family’s tax-dollar that will result in environmental damage, community division and injuries of vulnerable migrants,” the statement read.
“It’s clear that Governor Abbott has no plans on actually addressing our broken immigration system head on — but instead adding more fuel to Operation Lone Star’s dumpster fire,” the statement added.
I swear it was in the comments section of this blog that someone nearly had immigration called on him/her because s/he told a fellow American that s/he came from New Mexico and didn’t go through customs. It was a whole “facepalming” nightmare.
I remember a story decades ago about a man who had a huge hassle from the IRS because he wasn’t paying the right taxes. He lived in NM and they insisted he report his “out of the country” income.
I read that there is a surprising percentage of Texans that think New Mexico is part of Mexico. And an even higher percentage of non-Texans that think that. I’m not surprised on either count.
“As the Senate passed its voucher bill, Senate Bill 1, by a vote of 18-13 last night, Governor Greg Abbott gave a progress report on work with state House members to the Texas Public Policy Foundation (TPPF), a right-wing think tank whose board members include billionaires Tim Dunn, Doug Deason, Stacy Hock, state Senator Mayes Middleton, and James Leninger—all who have been bankrolling the push to privatize public education in Texas.
That would explain a lot. Let the wealthy pay for their kids’ education, and leave the workforce deprived and dumb. They’re easier for the wealthy to control, that way.
We get many Texans moving to New Mexico where our laws and politics are more liberal/progressive. We call them refugees. Perhaps the new wall is to PREVENT TEXANS from leaving.
