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Trump’s lawyers also said to be forced to sell properties at a fire sale would cause irreparable injury because they could not later recover the property if they were to win an aspect of the appeal.
Oh boo hoo.
Maybe try not committing massive fraud next time, Lunchbox.
Dumb question… what happens after the property gets seized?
What happens to the tenants, the Trump businesses operating in those buildings, the non-Trump businesses operating in those building, property management employees, etc?
How does this work?
Tenant laws differ by state. Some could be evicted if the new owner doesn't want them. Some have protections that would force the new owner to continue renting until end of lease or some grace period.
Businesses inside the properties probably have contracts with new ownership stipulations. But these are Trump contracts, so I assume there are lot of shenanigans, so your guess is as good as any.
They get a letter with a new bank account number to pay the rent into.
This is the best summary I could come up with:
The New York attorney general’s office has filed judgments in Westchester County, the first indication that the state is preparing to try to seize Donald Trump’s golf course and private estate north of Manhattan, known as Seven Springs.
Separately, Trump’s lawyers pushed back Thursday on several of the suggestions the New York attorney general’s office made about how he can pay bond.
Trump’s legal team argued in the filing that the New York attorney general’s office shouldn’t be able to challenge their claims.
“By demanding an undertaking in the full amount of the judgment in order to appeal, the Attorney General and Supreme Court have sought to impose a patently unreasonable, unjust, and unconstitutional (under both the Federal and New York State Constitutions) bond condition,” they wrote.
Engoron also ordered the Trump Organization to supply detailed information to the monitor about its efforts to obtain bonds to cover judgments.
Engoron laid out a timeline of certain steps the Trumps must take within the next month, including providing the monitor, retired Judge Barbara Jones, with full access to its day-to-day financial operations.
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