I don't think 99% of the value of the Trump organization is outside New York City.
I don't know about 99%, but he has properties all over the world.
I would think that a good 80%-90% (or more) are outside of New York.
Been looking for folks to explain what the what receivership in this case would be and loss of assets certainly seems to be a possibility because it is the receiver alongside the judge who decides what happens with the dissolution of the company
Did you know that OJ Simpson still has (AFAIK) a $30 million judgement against him for the wrongful death of Ron Goldman by Goldman's family?
He never paid any of it. Probably still looking for the "real killer."
Although there is a judgement against him, all of his assets were already legally protected.
My guess is that those NY properties have various liens on them, held by trusts outside of NY, and with trustees and beneficiaries that are not named Trump.
In theory and if that were the case, those properties could not be sold because there would be no equity, or they would be foreclosed on by those out-of-state trusts/entities, and wind up back in the family, so to speak.
I say "in theory," because we are dealing with criminals in the courtrooms and the government, so they could try all sorts of illegal games to protect themselves and their puppet masters from their own criminal prosecutions, eventually.
<jumping into the discussion>
I don't know about 99%, but he has properties all over the world.
I would think that a good 80%-90% (or more) are outside of New York.
Did you know that OJ Simpson still has (AFAIK) a $30 million judgement against him for the wrongful death of Ron Goldman by Goldman's family?
He never paid any of it. Probably still looking for the "real killer."
Although there is a judgement against him, all of his assets were already legally protected.
My guess is that those NY properties have various liens on them, held by trusts outside of NY, and with trustees and beneficiaries that are not named Trump.
In theory and if that were the case, those properties could not be sold because there would be no equity, or they would be foreclosed on by those out-of-state trusts/entities, and wind up back in the family, so to speak.
I say "in theory," because we are dealing with criminals in the courtrooms and the government, so they could try all sorts of illegal games to protect themselves and their puppet masters from their own criminal prosecutions, eventually.