Former President Donald Trump may file for personal bankruptcy after a judge ordered him to pay more than $400 million in penalties for fraud, MSNBC legal analyst Lisa Rubin predicted on Thursday.
"It could also prompt him to file for personal bankruptcy because, again, in this order Donald Trump and the business entities that were found liable, are jointly and severally liable," Rubin said. "That means that any one of them can be liable for the whole of the judgment attributed to them and that also means that Donald Trump can't escape this just by plunging those business entities themselves into bankruptcy, because that would leave him individually on the hook for the totality of it.”
