What if Donald Trump could not submit $464m bond?

Former US president Donald Trump’s legal team is racing against time to secure a multimillion-dollar bond in a fraud case in New York amid his second bid for the White House.

There has been an anticipation of what could happen if Donald Trump could not secure a bond of $464 million by Monday.

According to legal experts quoted by CNN, New York District Attorney Letitia James’s staff would be preparing the seizure of assets — that include houses, cars, plane, etc — in the wake of failing to secure bond.

The easier for them would be to look toward banks as the real estate and non-liquid assets would be difficult to hold. Trump also filed an appeal against the decision but for the appeal to go forward, he has to submit the bond.

Attorney Peter Katz, ex-federal prosecutor at the Eastern District of New York who has handled fraud cases, said: "The banks are the easiest part, they’ll receive the judgment from the Attorney General then the banks will enforce."

"They take the funds from the account and put it in the attorney general’s accounts."

Seeking help from US Marshals or the New York City Sheriff, with a court order, "they walk in [ to a bank] and give it to the manager," said Adam Pollock, a former assistant New York State Attorney General, specialising in judgment enforcement at Pollock Cohen LLP.

"The manager is supposed to pay over the amount forthwith. It should be a cashier’s check."

Attorney Alden B Smith who specialises in debt collection, was quoted by the outlet: "They want to find the most liquid of the assets they can restrain immediately. A bank account is the most effective way to do it. They’re probably just deciding what’s the best course of action."

Earlier this week, the 77-year-old former president said that he has money to cover his reelection campaign and to pay for the bond. However. last week, his lawyers said that they could not secure a bond for their client.