[Enterprise]

Thank you. I was wondering also about the possibility of liens. Maybe in time the liens might be paid off, but if the business climate in New York continues to decline, the properties may in time be essentially worthless, thus the liens also becomes worthless. They want the cash! And they want it NOW!

[Wallace T.]

If Trump or his interests owned, say, 25% of a building with three other partners, and if the judgment is upheld, does that mean that the state of New York assumes the assets and liabilities that Trump has? The state has no ability to compel the other partners to sell the building. Therefore, the state will have replaced Trump as a partial owner and will either sell the partnership interest on the open market, receive the income the building generates, or if there is a default on the property, be pro rata liable for the debt if the lender forecloses.