Donald Trump rages he'll have to sell assets at 'fire sale prices' to pay £367m bond


Donald Trump has admitted he might have to sell some of his assets for knock down prices to pay his £367m court bill.

Taking to Truth Social, the former President said: “Nobody has ever heard of anything like this before. I would be forced to mortgage or sell Great Assets, perhaps at Fire Sale prices, and if and when I win the Appeal, they would be gone.”

Despite previously boasting an almost $9 billion fortune, Trump can’t get enough money to pay for the court case against him, his lawyers have said.

Trump raged in a series of messages about New York’s Attorney General Letitia James and Judge Arthur Engoron. The judge says that Trump and his businesses must pay $464 million or the Attorney General can take the money while Trump tries to fight the decision in court.

Trump said: “Judge Engoron actually wants me to put up Hundreds of Millions of Dollars for the Right to Appeal his ridiculous decision. In other words, he is trying to take my Appellate Rights away from me when I have already won at the Appellate Division, but he refuses to accept their already made decision.”

Last month, a New York Judge Engoron found the ex-President guilty of exaggerating the worth of his properties to trick lenders and insurers. Trump and his businesses have been told to pay about $464million (£367m) due to interest.

READ MORE: Trump facing ‘insurmountable obstacles’ securing bond for $454 million fines

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