Trump’s Next Legal Move: Personal Bankruptcy

[Social Media]

Trump's Bankruptcy Gambit: Delaying Justice Amid Legal Troubles

 

As former President Donald Trump faces mounting legal challenges, including substantial civil judgments for defamation, speculation swirls around the possibility of him resorting to a drastic measure: personal bankruptcy. Echoing tactics employed by other controversial figures like Alex Jones and Rudolph Giuliani, Trump could utilize bankruptcy filings to stave off court-ordered payments and buy himself time in the face of mounting legal pressure.

 

The looming deadline of March 12 adds urgency to Trump's predicament, as it marks the cutoff for him to appeal a hefty $83.3 million defamation judgment awarded to E. Jean Carroll, an advice columnist. With court rules mandating a demonstration of financial capability to pursue an appeal, Trump finds himself at a crossroads, faced with limited options.

 

While paying the substantial award seems unlikely, given Trump's known penchant for litigation and delay tactics, the prospect of posting a massive cash bond or securing a bond through a lender appears equally daunting. Moreover, Trump's financial woes extend beyond the Carroll judgment, with additional liabilities stemming from a recent order to disgorge ill-gotten gains related to persistent business fraud, amounting to over $450 million.

 

Filing for personal bankruptcy emerges as a strategic maneuver to halt ongoing legal proceedings and buy Trump time to navigate the turbulent waters of litigation. By initiating bankruptcy proceedings, Trump could effectively press pause on civil judgments, including the Carroll defamation case and other pending lawsuits, thus shielding himself from immediate financial obligations.

 

Although bankruptcy offers temporary respite, it does not absolve Trump of his legal liabilities. Legal experts caution that bankruptcy may merely delay the inevitable, rather than providing a permanent solution. While Trump may seek refuge in bankruptcy court to shield his assets and forestall payment, the underlying judgments remain unresolved, awaiting eventual resolution.

 

Trump's potential recourse to bankruptcy underscores his reliance on legal stratagems honed over decades, influenced by the teachings of his mentor, the notorious Roy Cohn. From delaying proceedings to attacking adversaries and steadfastly denying wrongdoing, Trump's legal playbook reflects a blend of aggressive tactics and audacious defiance.

 

Despite Trump's attempts to portray bankruptcy as a strategic maneuver against a purportedly biased legal system, skeptics question the efficacy of such tactics in the long run. While bankruptcy may offer a temporary reprieve, it does little to address the fundamental legal challenges confronting Trump or alleviate the specter of accountability for his actions.

 

As Trump contemplates his next move amidst mounting legal woes, his potential embrace of bankruptcy serves as a testament to the enduring complexities of justice and the lengths to which individuals may go to evade accountability. Whether bankruptcy will serve as a shield or a temporary respite in Trump's legal saga remains to be seen, but one thing is certain: the wheels of justice continue to turn, undeterred by legal maneuvers or political theatrics.

 

22.02.24

Source

 

[Danderman123]

I don't think Trump wants wants to file bankruptcy until he loses the presidential election.

 

So March 12 is his do or die date to post that bond, per the above article.

 

He will try to get a bond for this appeal, but let the second Carroll verdict slide - no appeal.

[Tug]

1 hour ago, Danderman123 said:

I don't think Trump wants wants to file bankruptcy until he loses the presidential election.

 

So March 12 is his do or die date to post that bond, per the above article.

 

He will try to get a bond for this appeal, but let the second Carroll verdict slide - no appeal.

I donno he’s an expert at bankruptcy lots of practice it serves his go to delay tactic and fits his track record of ripping off the people he owes money to.is he still liable for interest on the judgments as it’s adhjucated?if he manages to delay till he kicks the bucket does the estate pay?im sure he’d be tickled if he goes knowing his sons would be paupers 

[LosLobo]

If Trump declares bankruptcy, he will achieve the not so holy trinity of being morally, legally and financially bankrupt.

What better credentials for a presidential candidate, who originally campaigned on his acumen of being a successful billionaire.
 

 

Edited February 22 by LosLobo

[Chomper Higgot]

I’ve said many time, I sincerely believe any member of this forum who’s assets are larger than their liabilities is wealthier than Trump.

 

We know he’s a fraudster, that’s a matter of court record.

 

We’ll soon have confirmation that he’s broke.

 

Some see through him, others do not.