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Donald Trump‘s catching a bit of a break yet again … his hefty multi-million-dollar bond in his New York civil case just got a major trim, and he may just be able to pay it off.
A NY appeals court sliced DT’s civil fraud judgment bond from a staggering $454 million down to $175 million Monday … plus they’re tossing in an extra 10 days for him to rustle up the cash after his legal squad said they were hitting roadblocks securing the dough.
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The ruling comes on the same day New York Attorney General Letitia James would’ve started trying to enforce the judgment against Trump in this case — namely, by initiating the gears of attempting to seize his assets, including cash he might have and even properties.
Remember … last week, Trump’s legal team said he’s been struggling to come up with the cash just to appeal the ruling against him — as insurers were laughing him off. As we reported, Trump’s lawyers said getting help to pay off this bond was a practical impossibility.
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In fact, they even said they’d unsuccessfully approached 30 underwriters to back the bond … but it was all crickets ’cause “very few bonding companies will consider a bond of anything approaching that magnitude.”
Trump’s team added he’d need almost a billion bucks in cash reserves just to get an insurance company on board … and by the sounds of it, DT was coming up short.
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Now, however … Trump’s been given a lifeline, as an appeals court clearly agreed that the bond the OG judge was trying to enforce was absurd … and he’s got some time to come up with the cash. NYT reports he should be able to do it too, and he lives to fight another day.
