22 Oct 2024 2:31 pm
https://www.dcreport.org/2024/02/19/tru ... n/[b]Legal Strategy Focuses on Stopping Civil Judgements Until Nov. 5[/b]Conspiracy theorist Alex Jones did it two years ago. Rudolph Giuliani did it just before Christmas. Now there’s a very good chance that before March 12, Donald Trump will join them in filing personal bankruptcy.Trump would do so for the same reason as Jones and Giuliani — to delay paying court-ordered awards for defamation.Trump has never filed personal bankruptcy, as I will show below. Doing so now might seem at first blush to ruin his brand, his polished image as a multi-billionaire, a modern Midas who turns to gold all that he touches.But spinning a bankruptcy filing to his advantage would be easy. Trump will tell his cultish believers that he is as rich as ever, but he was forced to seek refuge in Bankruptcy Court by the Marxist-Fascist-Corrupt-Deep State-Liberal-Radical cabal he blames for his legal woes.Appeal Deadline LoomsMonday, March 12, matters because that is the deadline for Trump to appeal the $83.3 million a jury awarded to advice columnist E. Jean Carroll for defaming her after a federal court jury awarded $5 million for earlier defamation. Court rules require that, as a condition of appealing, Trump, like all such litigants, must show that he has the money to pay the jury’s award.Trump’s options:
- Pay the Carroll award, which I believe, knowing the man well, isn’t going to happen.
- Post $83.3 million in cash with the federal court so he can appeal.
- Obtain a bond guaranteeing payment of the award, which assumes that Trump can find a lender foolish enough to extend Trump credit.