'Rejected': Trump bond filing 'returned for correction' over botched lawyering

Documents related to Donald Trump's $175 million bond were "returned for correction" after his lawyers reportedly forgot to attach a financial statement.

The New York County Supreme Court's electronic filing system showed Wednesday that Trump's "bond/undertaking" had been "returned for correction." Another reporting system listed the document as "rejected."

New York litigator Jeffrey K. Levine shed some light on why the court had rejected the filing. He shared a New York County Supreme Court document explaining the need for re-filing.

"The court has returned the documents listed below for the following reasons: Please include a current financial statement and Power of Attorney," the instructions said. "Additionally, please list the name of the Attorney-in-Fact under the signature line on the Undertaking. Please use the 'Refile Document' link for Doc. No. 1707 to resubmit the corrected filing. Thank you and have a great day."

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Initially, the court set the bond at $464 million following a fraud trial. However, Trump's lawyers argued that this amount was too high because Trump did not have enough cash. They said Trump would have to sell his properties to pay this amount.

A court later agreed to lower the bond to $175 million. Trump secured this bond through Knight Specialty Insurance Company. The company is part of the Hankey Group. Don Hankey, the chairman of the Hankey Group, said he supports Trump.

The bond was needed for an appeal after a judge found Trump and his co-defendants guilty of fraud after they exaggerated the value of their properties to secure favorable loan and insurance rates.

Trump's team is appealing the ruling but, if it loses, the full amount of damages must be paid.