Professor Gregory Germain discussed with Market Watch what avenues New York State could take against former President Trump if he can’t pay the $454 Million judgement in his New York State civil fraud trial.
Germain notes that the state “could levy and sell his assets, lien his real property, and garnish anyone who owes him money” to recoup the $454 Million judgement if his appeal is rejected and he cannot pay. Filing for bankruptcy is an option to protect his assets if he cannot post the bond or meet the appellate division’s bonding requirements.
Professor Germain is also quoted in the Newser article “Engoron Refuses to Delay $364M Trump Judgment”.