Trump has until Monday to post a $175 million bond.
The New York Attorney General may start collecting Trump assets if he fails to post a bond by next Monday, a leading real estate lawyer has said.Paul Golden, author of Litigating Constructive Trusts and a partner at New York law firm Coffey Modica, told Newsweek that either Trump or a bond company must file a motion by Monday stating they have a $175 million bond in place.
has refiled its paperwork as a result in an effort to get the process moving again.Newsweek sought email comment from Knight Specialty Insurance and Trump's attorney on Tuesday.Golden said James cited a statute 'which indicates that within ten days either Trump or the KNIC must file a motion in court to 'justify the surety.' If not, then pursuant to statute, the bond shall 'be without effect'.'Golden said it is difficult to read how the situation will play out.
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