Trump could delay it, but that’ll only be because the automatic stay of a bankruptcy filing stops all judicial actions, including collecting on judgments. It would also stay Trump’s appeal of the first Carroll judgment until the bankruptcy judge, or the trustee, can approve paying the lawyers to pursue the appeal. The same would go for the second Carroll judgment and the New York fraud judgment. Deadlines would abate until the bankruptcy court can decide what can be done, and how. It would delay the need for a bond; it wouldn’t dispose of it.Donald Trump can delay having to post cash to appeal the civil fraud and E. Jean Caroll awards totaling more than $500 million.
— David Cay Johnston (@DavidCayJ) February 19, 2024
My latest @DCReportMedia column explains how -- what no one else has reported yet.https://t.co/LKsk1hRVYc
And who is going to loan money to a bankrupt?
But Trump won’t do it because he’s been through bankruptcy before. Not personally, but he knows it’s the fast road to liquidation. It also means he loses control of everything: his company, his money, his jet, his golf courses, Mar-A-Lago, the sneakers; everything. The bankruptcy court will dissolve the legal distinctions between Trump and his business ventures in short order, and freeze them in place until it does. Any that aren’t already attached to Trump, Inc., which would have to be in bankruptcy as well. Any attempt to leave out a business defendant in the fraud suit, or any entity set up by Trump or under Trump, Inc. that isn’t a defendant, would be overridden in short order.
Bankruptcy courts don’t play.
In the end, Trump wouldn’t buy delay, he’d invest in calamity and destitution. I think he’d rather believe he can win on appeal (he can’t); or get the Saudis to bail him out. Bankruptcy is no more an option than publicly admitting he lost in 2020.
*There is no glass. No spoon, either.
This is not a spoon. 🥄
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