Donald Trump's lawyers are asking a New York court to put a $464m (£365m) fine in a civil fraud case on hold, as the former president finds himself in a precarious financial situation that could ultimately see his most prized properties taken.

If Mr Trump wants to continue his appeal in the case without the state seizing the fine from him, he must submit the full amount in cash or secure a bond from a private company by 25 March.

On Monday, his lawyers said that despite their "diligent efforts" it had been "practically impossible" to find a company willing to act as a guarantor of the full sum and asked for a pause.

"We really are in a moment of serious crisis for Trump personally, as well as for his business," said Professor Will Thomas from the University of Michigan Ross Business School.

Just days later, however, Mr Trump said on his social media site Truth Social that he had secured more than $500m in cash that could be used as collateral for a bond.
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