Because a case may be overturned on appeal, it would create all sorts of complications if one were to seize another's assets as a result of a judgment, only to have the judgment reversed. So, to protect both sides, the loser can post a bond that would be paid if and when the appeal fails. This preserves the status quo while at the same t…
Because a case may be overturned on appeal, it would create all sorts of complications if one were to seize another's assets as a result of a judgment, only to have the judgment reversed. So, to protect both sides, the loser can post a bond that would be paid if and when the appeal fails. This preserves the status quo while at the same time giving the plaintiff the assurance that the defendant won't dissipate assets to avoid paying the judgment. It is a common process.
Because a case may be overturned on appeal, it would create all sorts of complications if one were to seize another's assets as a result of a judgment, only to have the judgment reversed. So, to protect both sides, the loser can post a bond that would be paid if and when the appeal fails. This preserves the status quo while at the same time giving the plaintiff the assurance that the defendant won't dissipate assets to avoid paying the judgment. It is a common process.
Thanks. Is it voluntary or required if there's an appeal? Also is it the full amount of the judgement or some lesser amount?
Without a bond in place, Ms. Carroll can start attaching Trump's assets now.
I guess it depends on how her resources to pay for upcoming legal action.
Carroll's attorney will take care of that since she probably owns 40% of the judgment.