The insurance company he put up to cover the $175 million bond does not have the money to cover the bond, with only about $136 million some odd in reserves.
Additionally, theyre not allowed to cover individual claims that exceed 10% of their reserves, so the largest insurance payout they could cover is ~$13.6 million.
The money / company is also tied to some Cayman Islands account.
Trump essentially put up a worthless I.O.U. to cover the appeal bond and will almost certainly get rejected by the court
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