Let’s assume the Mandarin Mussolini can’t stump up the $455+ million and the NY AG starts seizing property.
Presumably, at least some of this property is leveraged for other purposes and/or is still mortgaged. If this assumption is correct, would lenders or the courts have first dibs on any proceeds?
Also, is he likely to have any tax liabilities due to capital gains from any such sale?
In other words, would selling (single?) property for $455m clear his obligations to the court or will he need a LOT more cash to clear all the liabilities before paying off the fine?