"From bad to disastrous": What happens if Trump can't get a $454 million loan?

Contributing sentiments towards policy:

82% : Trump is reportedly very rich.
54% : So while it's true that Trump and the Trump Organization have billions in assets, those assets mostly come in the form of commercial real estate like Trump Tower.
52% : First, Trump could sell assets to generate the cash he needs to secure a bond.
47% : Trump testified earlier at trial that the organization had $400 million in liquid assets, while a New York Times analysis put the number closer to $350 million.
46% : Their "diligent efforts" reportedly involved approaching about 30 bond companies, which all said "no."Time is running out for Trump, who has until March 25 to either secure the bond, known as an appeal bond, or pay that amount himself in cash.
44% : The Conversation asked Will Thomas, a business law professor at the University of Michigan, to explain why Trump needs an appeal bond and what happens if he doesn't get it by the deadline.
43% : Bankruptcy, after all, is meant to protect people who can't pay the debts they currently owe, which would be Trump in this situation.
39% : Attorney General Letitia James has already stated that she is willing to do this if Trump doesn't provide a bond.
36% : For an insurance company not already in the real estate business, it may want to avoid a possibility where Trump ultimately doesn't make good on his judgment payments and the insurer is forced instead to own - and then try to sell - an asset like Trump Tower.
33% : This would be an especially expensive outcome from Trump and his businesses because, when it comes to real estate, the worst time to sell is when you are being forced to do so.
30% : The best scenario for Trump is that the New York appellate court might decide on its own to grant Trump's request to stop New York from collecting its judgment.
28% : (James Devaney/GC Images/Getty Images)Lawyers for Donald Trump on March 18, 2024, told a New York court that the former president has been unable to secure a US$454 million bond as he appeals a New York civil fraud ruling against him.
26% : It's a bit ironic, then, that Trump is now struggling to convince financial institutions to take seriously his representations about his ability to pay his debts.
24% : So, for example, Trump recently appealed an $83 million judgment in a separate defamation case brought by columnist E. Jean Carroll.
22% : What happens if he can't get the bond?Assuming Trump and the Trump Organization cannot secure a bond, there are a few possible paths forward - most of them ranging from bad to disastrous for Trump.

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