Letitia James

According to two legal experts, the combination of financial fines Donald Trump is facing in the E. Jean Carroll defamation case and the Trump Organization financial fraud case being heard in Judge Arthur Engoron's Manhattan courtroom just blocks away, could push the former president to the precipice of filing for bankruptcy protections.

With Trump and his family having already been found guilty in the fraud case brought by New York Attorney General Letitia James, and the defamation trial in the damages stage with a decision on the monetary amount expected very soon — possibly before the weekend — one former Department of Justice official claimed the dollar amount could be "profound."

Speaking with Newsweek's Kate Plummer, ex-DOJ litigator Gene Rossi explained, "A jury is not going to tolerate repeated defamatory behavior. If a large money judgment is entered to stop him, the Herculean task for Ms. Carroll will be collection. Her efforts to get even a nickel from Mr. Trump could indeed force him into bankruptcy."

"If the jury is appalled by the conduct of Mr. Trump and is turned off by the arguable antics of his lawyers, then the judgment could be tens of millions of dollars," he added.

Former prosecutor Matthew Mangino set the outside number of financial penalties even higher.

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"Donald Trump already lost—the compensatory and punitive damages could be enormous," he explained before adding, "I'm sure his assets are neatly tied up, bankruptcy is a mere business decision. Trump has all his marbles in winning back the presidency whatever the cost. His outward contempt for the court and the process is very dangerous. I would guess, and juries are impossible to predict, that the punitive award could be as high as nine figures."

The report notes that estimates of Trump's worth at $2.6 billion according to Forbes.

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