Former President Donald Trump is breathing a sigh of relief as the State of New York would not have to seize his assets for now, as he managed to secure the lowered $175 million bond that would pause the collection of the $464 million judgment in the New York Civil Fraud trial that he was found liable of.

According to ABC News, Trump secured the bond through Knight Specialty Insurance Company. This bond came after a New York appellate court lowered the bond he was required to pay to just $175 million after the former president was not able to find a single company that would be willing to work with him after being found liable for fraud.

Trump claims that he cannot appeal the case's judgment without posting the massive bond. However, this is not true as he can appeal the judgement. The $175 million bond essentially pauses the collection of the $464 million judgment in their civil fraud case as he tries to appeal it.

Trump's attorneys argued that the former president did not have the cash on hand to secure a bond for the full judgment after he approached over 30 bond companies, all of them rejecting him.

While Trump is still listed as a billionaire, his assets are not in cash but in real estate property, meaning if the appeals court did not lower his bond, he would have had to sell off some of his most iconic properties to pay for it. If he could not pay the money ahead of the deadline, New York would have seized his assets to pay for the judgment.

"If he does not have funds to pay off the judgment, then we will seek judgment enforcement mechanisms in court, and we will ask the judge to seize his assets," previously told ABC News in an interview. "We are prepared to make sure that the judgment is paid to New Yorkers."

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What Happens Next in the Donald Trump Fraud Case Bow That the Bond Has Been Paid?

With the former president now posting the lowered $175 million bond, the case now moves to the appeals court without Trump having to pay the $454 million he owes the state of New York yet.

According to the Associated Press, should Trump win the case in the Court of Appeals, he would not have to pay the state anything and would get back the money he has put up now. However, should he lose, then New York Attorney General Letitia James can now move to seize his assets to pay what he owes.

Donald Trump Attacks Resigning Republican Representatives

Meanwhile, as Trump somehow manages to pause his New York fraud case penalty payment, he also launched an attack against the stream of Republican congressmen resigning and thinning the already-narrow Republican majority at the House.

He targeted them during his Easter remarks, and in particular, he targeted outgoing lawmakers, Rep. Mike Gallagher of Wisconsin and Rep. Ken Buck of Colorado, saying on Truth Social, "Never forget our cowards and weaklings! Such a disgrace!"

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This article is owned by Latin Post.

Written by: Rick Martin

WATCH: Trump secures $175 million bond in New York civil fraud case - ABC News