General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsHow long does Trump have to come up with money?
Does he have to make public where he gets the funds? Is there a law?
Can he get the funds?
What happens if he does not have the money?
Does he go to Putin or the Saudis for help? Or to Jared?
He's a useful idiot but a tool nonetheless.
It's almost like an interesting spy novel...
CrispyQ
(36,787 posts)Traildogbob
(9,080 posts)For Pooty and Saudi to get him a certified check.
MineralMan
(146,409 posts)Someone does, no doubt, but not me. At some point, some sort of inventory of assets will be needed. Maybe, if Trump actually has liquid assets sufficient to come up with the actual money, that inventory might not be required. However, I doubt he has that kind of money on call.
Fiendish Thingy
(15,843 posts)He has 30 days to post a bond in order to file an appeal.
He has to put up 20% (so, at least $70m, unless the interest is included, then more like $90m) and then find someone who will fund a bond for the rest, assuming Trump has enough in unleveraged assets to guarantee the bond. He stands to own a $4B stake in the new company that will be formed after Truth Social merges with another social media company- dont know if that will be completed within 30 days.
Ocelot II
(116,572 posts)if he doesn't have sufficient cash assets he will have to liquidate other assets, so that source will be known. He doesn't have to pay NY or E. Jean Carroll until all appeals are concluded, but he will have to deposit with the court funds sufficient to cover the judgments plus interest, or else obtain an appeal bond (if he can fund one or get a surety), in order to appeal either case. That means he'll have to come up with a shit-ton of cash within the next 30 days or thereabouts if he intends to appeal, which he says he does. If he doesn't or can't appeal he will become immediately liable for the amount of the judgment, and there are processes by which he can be forced to pay it. He can't file bankruptcy unless his total liabilities exceed his total assets (doubtful that's the case even if he's not as rich as he claims to be), and in any event judgments arising from fraud or intentional tort cases usually aren't dischargeable in bankruptcy. He will have to ante up sooner or later, regardless where he gets the money. Does he want to owe the state of New York and E. Jean Carroll or Putin and Prince Bonesaw of Saudi Arabia?
MOMFUDSKI
(6,265 posts)$$$ came from
Ocelot II
(116,572 posts)but otherwise there's no general requirement for a judgment debtor to tell the court or the parties how he's financing the payment. If he obtains the funds illegally that's a separate inquiry.
Blue Owl
(51,163 posts)SWBTATTReg
(22,540 posts)I don't know if Putin got some news or what from his spies that tRUMP has no chance of succeeding in 2024, but Putin has seemed to do an about face on tRUMP. In any event, the Russians don't have the money (more than likely, their oil sales have taken a big hit), and the Saudi, I suspect won't do anything to upset the cart w/ Pres. Biden (remember the fist bump, Pres. Biden and the Saudi Prince?).
former9thward
(32,378 posts)Just the opposite,
Russian oil export revenue is up 50% since the start of 2022 with the Kremlin generating close to $20 billion per month in sales, according to the International Energy Agency.
https://markets.businessinsider.com/news/commodities/russian-oil-sales-20-billion-month-export-revenue-jumps-iea-2022-5#:~:text=Russian%20oil%20export%20revenue%20is%20up%2050%25%20since,in%20sales%2C%20according%20to%20the%20International%20Energy%20Agency.
Since the Ukraine war started both India and China have rejected U.S. sanctions and increased their buys of Russian oil.
SWBTATTReg
(22,540 posts)EW DELHI: India's crude oil imports from Russia fell for a second straight month in January to its lowest in 12 months but the nation's insatiable appetite for Russian crude remains for the long term, according to data from energy cargo tracker and industry officials.
Russia supplied 1.2 million barrels per day of crude oil to India in January, down from 1.32 million barrels in December and 1.62 million barrels in November 2023, according to data from energy cargo tracker Vortexa.
former9thward
(32,378 posts)Courts do not go out and collect the money. That is up to the entity that got the award. State governments, like NY, are very slow in attempting to collect money owed to it. So Trump has a long time.