According to reports‚ President Trump has been unable to secure an appeal bond of at least $450 million in the New York civil business fraud case. CNBC reports that Trump’s attorneys said in a court filing Monday it has been “impossible” for them to secure a complete appeal bond. “Donald Trump is unable to secure a $454 million bond while he appeals the New York civil fraud judgment. According to Trump’s lawyers‚ it is impossible to post the full bond after they spoke to 30 underwriters‚” Collin Rugg writes. “Defendants’ ongoing diligent efforts have proven that a bond in the judgment’s full amount is ‘a practical impossibility. These diligent efforts have included approaching about 30 surety companies through 4 separate brokers‚” the filing said. “Trump’s net worth is estimated to be about $2.6 billion and he claims he has about $400 million in cash‚” Rugg added. JUST IN: Donald Trump is unable to secure a $454 million bond while he appeals the New York civil fraud judgment. According to Trump's lawyers‚ it is impossible to post the full bond after they spoke to 30 underwriters. "Defendants' ongoing diligent efforts have proven that a… pic.twitter.com/SPVy3M3Xwd — Collin Rugg (@CollinRugg) March 18‚ 2024 CNBC reports: Trump’s team has approached‚ without success‚ around 30 surety companies through four separate brokers as he seeks an appeal bond‚ and they have spent “countless hours negotiating with one of the largest insurance companies in the world‚” according to the filing with the Appellate Division of Manhattan Supreme Court. Under New York court rules‚ Trump must post an appeal bond if he wants to avoid New York Attorney General Letitia James moving to collect on the fraud judgment in the state’s favor. James has said she will seize Trump’s property if he is unable to pay the entire judgment or obtain an appeal bond. Trump’s lawyers in their filing said that if the appellate division considers denying a stay of the judgment‚ it should schedule oral arguments on the issue. WATCH: BREAKING: Donald Trump has been unable to get a bond for the $464 million judgment in his New York civil fraud trial‚ his lawyers say pic.twitter.com/HhcVcFTulQ — MSNBC (@MSNBC) March 18‚ 2024 “Enforcing an impossible bond requirement as a condition of appeal would inflict manifest irreparable injury on Defendants‚” Trump’s attorneys wrote‚ according to Reuters. BREAKING NEWS: Former President Donald Trump has so far been unable to obtain a bond that would allow him to appeal a $464 million judgment against him in a New York civil fraud case without posting the full amount himself‚ his lawyers said Monday. MORE: https://t.co/AVNRJg6whd pic.twitter.com/dVsbiBUnVd — NEWSMAX (@NEWSMAX) March 18‚ 2024 Per Reuters: The lawyers asked that he instead be allowed to post a $100 million bond while he appeals the judgment. A bonding company would be on the hook for any payout if Trump loses his appeal and proves unable to pay. Trump’s lawyers included a statement by Gary Giulietti‚ an executive with insurance brokerage the Lockton Companies‚ which Trump has hired to help get a bond. Giulietti wrote that a bond for the full $464 million “is not possible under the circumstances presented‚” noting that many sureties would not issue bonds above $100 million and were willing to accept only cash or securities – not real estate – as collateral. Trump denied wrongdoing in the case‚ which was brought by New York Attorney General Letitia James in New York state court in Manhattan. Trump earlier this month posted a $91.6 million bond to cover an $83.3 million defamation verdict for the writer E. Jean Carroll‚ while he appeals.