New York Attorney General Begins Trump Asset Seizure Preparations

It is the first hint that the state of New York is getting ready to try to seize Donald Trump’s golf club and private estate known as Seven Springs, which is located north of Manhattan. The New York Attorney General’s Office has filed judgments in Westchester County. On March 6, just one week after Judge Arthur Engoron delivered his ruling against Trump, his sons Donald Trump Jr. and Eric Trump, and the Trump Organization official, state attorneys filed the judgments with the clerk’s office in Westchester County. The decision was for a total of $464 million.

A direct blow has been dealt to Trump’s image as a billionaire by the decision that was made against him, as well as the difficulties that the former president is having in securing a bond while he appeals the verdict. This comes at a time when Trump is attempting to raise additional funds for both his legal expenditures and his third try for the presidency. The initial action that a creditor would do in order to initiate the process of recovering property would be to enter a judgment. If the asset is going to be seized, then more measures would be taken, such as putting liens on assets, attempting to foreclose on properties, or pursuing other procedures in court. These are all considered to be additional stages.

The judgment has already been entered in New York City, which is the location of several of Trump’s properties, such as Trump Tower, his penthouse at Trump Tower, 40 Wall Street, his hotel that is adjacent to Central Park, and a number of apartment complexes. CNN conducted a study of the records on Thursday and found that judgments have not been recorded in the counties of Florida, including Miami and Palm Beach, which are the locations of Trump’s Mar-a-Lago property as well as the Trump National Doral Golf Club and resort. Additionally, in Cook County, Illinois, where Trump’s hotel in Chicago is situated, judgments have not been entered.

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