Cohen on Trump: Bankruptcy May Not Be an Option for Him, He Has to List Every Single Asset

‘The old bankruptcy laws that you and I remember from 20, 25 years ago, are very different from the bankruptcy laws today’

RUSH EXCERPT:
COHEN: "Well, sure. First of all, bankruptcy may not actually be an option for him. The old bankruptcy laws that you and I remember from 20, 25 years ago, very different from the bankruptcy laws today. And I am not so sure it would protect him, even if you file for bankruptcy. Again, remember, he has to list every single asset, he has to allow Letitia James or the receiver to potentially secure those in order to secure bankruptcy protection. It is a much more complicated situation than just filing for bankruptcy and staying the proceeding."

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