The article says he has to pay the debt or get a surety bond to launch an appeal. I didn’t know what a “surety bond” was, so I looked it up:
It’s a guarantee by a third party to pay the debtor’s debt if they default. Essentially, Trump would need to convince someone to be on the hook for the entire amount if he defaults, or pony up the full value himself.
I don’t think he can do either easily in the 30-day time limit, can he? It’s not that easy to liquidate assets, and only a fool would offer home a surety bond.
The article says he has to pay the debt or get a surety bond to launch an appeal. I didn’t know what a “surety bond” was, so I looked it up:
It’s a guarantee by a third party to pay the debtor’s debt if they default. Essentially, Trump would need to convince someone to be on the hook for the entire amount if he defaults, or pony up the full value himself.
I don’t think he can do either easily in the 30-day time limit, can he? It’s not that easy to liquidate assets, and only a fool would offer home a surety bond.
It’ll be interesting to see how this plays out.