SFGATE columnist Drew Magary writes about the financial implications of Donald Trump's offer to pay only a fraction of the bond in his civil fraud case.
The attorney general, Letitia James, is expected to provide Mr. Trump a 30-day grace period, which will expire on March 25, at which point she could move swiftly to seize Mr. Trump’s bank accounts and perhaps take control of his New York properties.
Your quote above is the tl;dr of the article.
Trump only offered 100m on the 450 million due on the NY fraud case, the court rejected the offer (yesterday Feb 28), ergo Trump is broke.
- Article Author
No new information past that.
It will be interesting to see what NY does next.
March 25th is the next date of interest:
https://www.nytimes.com/2024/02/28/nyregion/trump-bond-civil-fraud.html