Former President Donald Trump faces over $430 million in fines from two separate cases.
A New York civil fraud ruling imposed over $355 million and a defamation case with E. Jean Carroll fined $83.3 million.
While Trump plans to appeal, legal challenges impact his 2024 campaign prospects according to experts.
According to ABC News, “While Trump’s donors have largely footed the bill for his campaign expenses — with Trump’s political committee spending more than $50 million on his campaign in 2023 — the legal cases present a stickier challenge for Trump, who has built a reputation around his wealth.”
“Courts allow defendants multiple mechanisms to collect damages, including liens and wage garnishments, and the fines are not dischargeable through traditional protections like bankruptcy,” the outlet explained.
Adding, “Multiple legal experts who ABC News spoke with suggested that Trump is unlikely to front the fines immediately, and will instead opt to delay any payment using a bond secured by his assets until after he exhausts his appeal options.”
Experts say Trump will likely delay payment by bonding assets during appeals.
His company reported over $400 million cash last year during a deposition, and maintains substantial real estate assets.
However, the fines present difficulties compared to campaign expenses covered by donors.
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