The New York attorney general’s office has filed judgments in Westchester County, the first indication that the state is preparing to try to seize Donald Trump’s golf course and private estate north of Manhattan, known as Seven Springs.
He owns a lot of it personally. What’s at issue is how much of it is mortgaged or otherwise indebted to others. Trump’s finances are a house of cards, and he’s probably leveraged right up to his cotton candy bouffant. So, the question becomes: how much are his assets actually worth?
The WSJ recently estimated that, on its face, his portfolio was worth about $3B, but nobody knows how much debt there is or if it’s actually worth that much since Trump is famous for (and was - in this very case - just found liable for) lying his ass of for decades about his real estate’s true worth. This is also probably why he can’t get a bond for such a large amount in this case— he’s a known fraudster who never pays his debts and will almost certainly lose this appeal.
So, not only is he fucked, he’s probably already broke or close to it, and nobody’s going to loan him shit. Trump will probably have to declare bankruptcy, and I can’t imagine anything worse for him. It might just kill him.
Why he’s already done it before. Granted it’s been settle and he’s probably forgotten but this is where. He.Belongs. with all the poor’s he keeps fleecing.
…
He owns a lot of it personally. What’s at issue is how much of it is mortgaged or otherwise indebted to others. Trump’s finances are a house of cards, and he’s probably leveraged right up to his cotton candy bouffant. So, the question becomes: how much are his assets actually worth?
The WSJ recently estimated that, on its face, his portfolio was worth about $3B, but nobody knows how much debt there is or if it’s actually worth that much since Trump is famous for (and was - in this very case - just found liable for) lying his ass of for decades about his real estate’s true worth. This is also probably why he can’t get a bond for such a large amount in this case— he’s a known fraudster who never pays his debts and will almost certainly lose this appeal.
So, not only is he fucked, he’s probably already broke or close to it, and nobody’s going to loan him shit. Trump will probably have to declare bankruptcy, and I can’t imagine anything worse for him. It might just kill him.
Why he’s already done it before. Granted it’s been settle and he’s probably forgotten but this is where. He.Belongs. with all the poor’s he keeps fleecing. …
Hilarious!
There’s also the fact that a lot of it is owed to Russian banks who would have a hard time collecting given the current banking restrictions.