'N.Y. state padlock on Trump Tower': Expert says Trump is at 'next-to-last step' from ruin

[melm00se]

32. Trump is like a lot of professional

financial scumbags and has his assets hidden and encumbered to prevent quick asset seizures.

The state may put the arm on Trump Tower but there are some omissions:

1. how much of Trump Tower (and all of his other assets) is encumbered by mortgages, liens and other properly recorded security interests?
2. how much of Trump Tower's (and all of his other assets) ownership is NOT Trump or his entities?
3. how much equity is available?

Personally, instead of political grandstanding, I would just quietly serve every single tenant in the building that the State of New York is exercising its legally obtained judgment and direct them to cease sending their lease/rental payments to any Trump entity and send all such payments to the trustee who is now empowered to collect on the judgement. No legitimate business would ignore that kind of service (as it is perfectly legal because accounts receivable are considered executable assets) and they would in very short order start sending their checks to the State.

This is a hell of a lot easier than foreclosing on the property, fight your way thru all the superior liens and mortgages on the property and auction off the property for distress sale prices.

Hit him in the cashflow (and it doesn't look like you are playing politics).

Of course, there will be a flurry of lawsuits from any non-Trump entities who have a cut of the building and its accounts receivables to make sure that the State is not seizing their property beyond the scope of its judgement.