It really depends on how much debt the Trump org is in. That was the key to the case against the Trump Org. When it was time to pay taxes, MaraLago was worth $18 million. When it came time to secure loans, and they had to show their assets up as collateral against the loan, MaraLago was worth $1 billion+. So depending on the terms of those bank loans, those banks are going to start seizing assets like Tyranids devouring a world - any biomass and red cent to get back their money. The golf courses, Maralago, the cars, the jet, its all owned by the Trump Org and all fair game to be seized.
Granted this is another 20+ years worth of litigation. This is what Baron will be dealing with his adult life.
But this does end with the dissolution of the Trump Org and the seizing and selling of the majority of its assets.
Generally, major financial institutions have refused to deal with Trump since the 1990s. The reason for this is that Trump kept refusing to pay them their loans back and forcing them to go to court to recover their money, in an attempt to cause them so many problems that they'd accept a write-down. Deutche Bank is well known to have still lent him money, but Deutsche Bank forced the end of their business relationship last year by threatening default, with Trump selling a property and taking on a large loan to clear the loan. Even there it's worth noting rumours
certain divisions of DB had blacklisted Trump, and that the last major loan he got from DB was controversial within the company, even to the point of the banker who agreed it being seen as going rogue.
Trump's two major creditors, as far as I can see, are Ladder Capital and Axos Bank, both of which are relatively modest operations (because no major institutions will deal with him). As far as I can see, he owes Ladder and Axos about $200-250 million apiece. Plus there may be a load of debt packaged and distributed in creative ways such that it may be hard to find someone to claim it back, plus allegedly numerous hidden investors. However, one way or another any or all may not demand default, even if Trump lied about his wealth to secure the loan. As long as they think he can and will repay them, there's no compelling reason to rock the boat.
Even with recent revelations, Forbes puts Trump's net wealth at ~$2.5 billion - but net worth includes debts. So even if his creditors swarm in demanding defaults, and even if he's fined $250 million by NY, he's still very comfortably a billionaire. It'd be a chastening experience (well, apart from the fact Trump can't feel humility), for sure.
Next, see:
The real estate mogul should have no problem paying back his loans in the short term. But come 2024, when he might be running for president again, things could get dicey.
www.forbes.com
Trump may actually be sitting on enough liquidity to pay off a lot of defaults outright, or alternatively can probably restructure his finances to transfer the debt elsewhere. Okay, we can argue that at this stage probably no-one should be lending Trump money given his history of fraud, but I can't help but point out Ladder and Axos. Someone, somewhere, is going to see the risk as an opportunity.
