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Trump's bond requirement in civil case lowered substantially by appeals court

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A New York appeals court on Monday agreed to hold off collection of former U.S. president Donald Trump’s $454 million US civil fraud judgment — if he puts up $175 million within 10 days.

If he does, it will stop the clock on collection and prevent the state from seizing his assets while he appeals.

The development came just before New York Attorney General Letitia James was expected to initiate efforts to collect the judgment.

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Earlier this week, Trump’s lawyers pleaded for a state appeals court to halt collection, claiming it was “a practical impossibility” to get an underwriter to sign off on

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This story was originally published on  CBC News. To read the rest of this news worthy story, please visit https://www.cbc.ca/news/world/trump-bond-appeal-1.7154589?cmp=rss.

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