Trump Says Bond ‘Unattainable’ Due to Demand for Cash Collateral

Donald Trump said he reached out to the world’s biggest insurance companies to seek help in arranging an appeal bond covering the $454 million verdict against him in New York’s civil fraud suit, and none would take his real estate as collateral. They all want cash and Trump says he doesn’t have enough.

The real estate mogul and former president will be forced to hold a “fire sale” of his properties to raise enough cash if the bond isn’t waived while he challenges the verdict, Trump said in a filing Monday with a New York appeals court. The appeal bond ...