In court papers today Trump's lawyers asked the judge to "stay the judgement" while Trump appeals the case.
Stay the judgment means you don't pay the penalty. However, this usually means putting up what's known as an undertaking for the amount of the judgment and that money is held in escrow while you appeal.
Trump is asking the judge to put up a partial amount of the judgment, because otherwise Trump would suffer an.irreparable harm. They are asking to put up a bond of 100 million instead of the full judgment as the undertaking. Trump's lawyers say to put up the full amount. Trump would need to sell property.
Irreparable Harm Inheres to Appellants from Any Forced Sale of Properties In the absence of a stay on the terms herein outlined, properties would likely need to be sold to raise capital under exigent circumstances, and there would be no way to recover any property sold following a successful appeal and no means to recover the resulting financial losses
The literally didn't say that? They said if it's not stayed he MIGHT be forced to sell properties which would cause irreparable harm to the Trump Org.
Basically, they're just outlining why there should be a stay, but even IF the appellate court doesn't side with Trump, he still has options beyond selling.
Cash out refinance Loans come to mind, but the most likely will be just taking out a loan or putting up DWAC stock as the collateral since Trumps cut is projected to be $4 Billion and while he can't sell it for six months after all is said and done, he can still take loans out against it or use it as collateral.
They are asking two things.
One is a stay.
Normal procedure is you would have to put up the full amount of the judgement plus interest to get the stay. $400 million+
The second thing they are asking is to get a stay while only putting $100 million.
Then then say if both the stay and reduced payment will need to be OKed or property would likely need to be sold
This is what they literally say
...
Why would they choose this as opposed to working with a bond company
take it out of Engorons and laticas hide...........
We should do a Willie Nelson and buy his stuff and then sell it back to him later for cost.
The AG filed a motion opposing the $100 million proposal
NBC
Why would he have to sell properties? Trump told the courts he has $400 million in cash
Did they say this court?
I know Habba said this on TV
https://www.cbsnews.com/news/trump-fraud-appeal-bond-new-york/
Yes he testified that he has $400 million cash
That article has new news in it. Trump has to put up the full amount, but can seek a loan to raise the amount he doesn't have.
To answer your question the same article says
so maybe $400 million wouldn't have been enough.
Also he might need some cash to cover his other expenses. He still has loans to tune of a couple hundred million he needs to keep servicing.
So we will see what happens now that this judge halted the ban on loans