Can Letitia James Seize Trump’s Assets If He Doesn’t Pay?

If Former President Donald Trump can not post a $454 million bond for his fraud judgment by Monday, New York Attorney General Letitia James could start seizing his assets.

The Details: If Trump cannot post a liquid bond covering the full amount, James can collect the sum by placing liens against and collecting rent from his properties, or directly taking funds from his New York state bank accounts. James can go after Trump’s assets in other states through a process called “domesticating” which hinges on a constitutional clause called the “Full Faith and Credit Clause.” The clause requires each state to honor the judgments of other states. 

For Context: Earlier this week, Trump’s lawyers said it’s impossible for him to secure the necessary funds, and that at least 30 bond companies have denied the former president assistance. 

Key Quotes: Trump wrote on Truth Social on Tuesday, “Judge Engoron actually wants me to put up Hundreds of Millions of Dollars for the Right to Appeal his ridiculous decision… he is trying to take my Appellate Rights away from me when I have already won at the Appellate Division.” USA Today (Lean Left bias) quoted longtime New York litigator Mitchell Epner who said, “He absolutely can appeal… If he doesn't post the bond, and she collects the money, and he eventually wins the appeal, he gets the money back plus 9% interest.”

How The Media Covered It: Breitbart (Right bias) referenced much of USA Today’s report and also included a passage from Jonathan Turley (Lean Right bias).