Rudy Giuliani Files for Bankruptcy Protection After Court Loss

[LetMyPeopleVote]

Source: Bloomberg Law

Rudolph Giuliani, the former mayor of New York who led efforts to overturn the 2020 presidential election, has filed for bankruptcy, swamped by legal bills stemming from his discredited campaign to keep Donald Trump in power.

Giuliani filed papers seeking protection from creditors in New York, listing debts of as much as $500 million and assets of up to $10 million. In December, he was ordered to pay $148 million to two 2020 Georgia election workers after promoting conspiracy theories about them.

He’s been defending himself in multiple courtrooms on matters ranging from criminal charges to civil defamation, running up millions of dollars in fees and expenses. As the costs mounted, Giuliani admitted in a civil case in early August that he was “having financial difficulties” and he asked a judge to put off some payments.

Legal woes for the former US prosecutor include an indictment in Georgia on charges of racketeering and conspiracy. He’s pleaded not guilty. Giuliani also was sued for defamation by voting software companies Dominion Voting Systems Inc. and Smartmatic Corp. over his false claims of election fraud.

Read more: https://news.bloomberglaw.com/bankruptcy-law/rudy-giuliani-files-for-bankruptcy-protection-after-court-loss

[hlthe2b]

1. He surely knows he cannot discharge the court-assigned liability from defamation in bankrupcy...

[BumRushDaShow]

5. Alex Jones has been furiously trying to do that

including (illegally) moving assets around. Guaranteed that Ghoul is doing the same (probably moving stuff to his son, et al).

[Turbineguy]

2. Hook up with trump

It will be great, they said.

[brush]

6. Yep, as its often been said, everything trump touches dies...

or goes bankrupt in Rudy's case.

Assets of 10M and debts of 500M...now that's what I called being way beyond flat broke.

Even if he's hiding assets, no way is he hiding half a billion dollars.

Talk about poor management...even trump, he of the several bankruptcies himself, knew better than to appoint Rudy to a post in his admin.

[Kennah]

37. "everything trump touches dies"

If only that weren't a figure of speech

[Oopsie Daisy]

3. Would that preclude him from having to pay the Georgia election workers?

Is he now "off the hook"?

[Qutzupalotl]

10. No. Deliberate, malicious defamation is not dischargeable in bankruptcy.

Not that he won't try. He just won't succeed.

[Prairie Gates]

16. LOL. No

[Oopsie Daisy]

21. Many thanks... I guess he's just trying to escape the debts to his lawyers.

[BumRushDaShow]

4. I knew that was going to happen

He has suits and judgements galore (including from past lawyers trying to get paid), with more to come (e.g., the Dominion Software and Smartmatic cases).

[LetMyPeopleVote]

7. Rudy Giuliani files for Chapter 11 bankruptcy in New York

Link to tweet

[Hermit-The-Prog]

8. Let's have a moment of silence for the Rude Ghoul's troubles

Ok, that's enough. Party on.


Next vicious traitortrump co-conspirator, please.

[WhiteTara]

30. I'll send him some tots but no pears.

Those tots are stone cold. I'm with you...Let's party! and for Ruby and Shay

[Kennah]

39. I'm sending clots and stairs

Those two things combined in Rudy ...

[WhiteTara]

42. you win!!!

perfection

[Hermit-The-Prog]

45. Send a batch to his master, traitortrump, too.

[hibbing]

9. I predict his lifestyle will not change at all n/t

[melm00se]

11. His debts are interesting

$1 million in taxes state and federal for 2021 and 2022.
$3.4 million in what looks like legal fees
several unresolved lawsuits so amount is unknown (a couple are from Dominion and Smartmatic)
the big daddy lawsuit
total is at least $151 million

https://storage.courtlistener.com/recap/gov.uscourts.nysb.319064/gov.uscourts.nysb.319064.1.0.pdf

[Novara]

12. He was ordered to IMMEDIATELY pay it

So this is what he does, of course.

Motherfucker.

[Hassin Bin Sober]

13. Only it's not dischargeable

Maybe it can throw up a smokescreen that has to get cleared up in court?

[Prairie Gates]

17. This buys him a very little time

The Freeman's lawyers are coming hard at him. He can bob and weave for a while, but it's going to touch him.

[Novara]

25. It isn't dischargeable but it puts a halt to immediately paying it

So he's bought himself some time.

And the women still wait for justice.

[moonshinegnomie]

15. it doesnt matter

under NY bankruptcy law he can keep
170k in equity in his house
4500 in equity in one car
11k in household goods
ira's and retirement plans

his 150m judgement fro defamation is not dischargable so even after he emerges from BK they can still go after him

[mahina]

14. Intellectual bankruptcy?

It doesn’t work that way Rudy

I’m glad Shay and Lady Ruby got in there first before a bunch of others bound to come.

[LittleGirl]

18. Isn't trump a billionaire?

He’s got plenty of money to give to Rudy! He’s rich!
What’s 150 million when you have a billion!? Right?

/s

[Mawspam2]

19. America's Vagabond Pauper

Soon: America's Inmate.

[Deep State Witch]

20. Of Course He Did

Just like Alex Jones.

[rurallib]

22. I would suggest that he invest in a Powerball ticket

Glad to be of service

[twodogsbarking]

23. There are billions of people on earth that lead honorable lives. Rudy, not.

[FredGarvin]

24. I hope he has to pay some of the fines

I doubt he will

[C_U_L8R]

26. America's deadbeat

[spooky3]

27. I hear Four Seasons landscaping is looking for part time help. Nt

[Shermann]

33. You know you've hit rock bottom

Last edited Thu Dec 21, 2023, 06:06 PM - Edit history (1)

...when you do manual work for a landscaping company and your paycheck is garnished to pay back over $100 million.

No wait, rock bottom will be when the guy you sacrificed everything for then loses another election.

LOSER

[Blue Owl]

28. The Giuliani Legacy

[bluestarone]

29. How will this court know what this lowlife is doing with his money?

I truly hope they get involved RIGHT NOW to watch this bastards money and what he;s doing with it. Plus anyone that helps him hide his money.

[isitreal]

31. $500 million sounds questionable

$500 million is a lot of money. Is this an exaggeration to get sympathy?? I wana see an itemized list before I am willing to believe that amount. He has not told the truth about much so why would he for this.

[FakeNoose]

32. I think this is a preview of what will happen to Chump in the next few years

Rudy will have nothing - NADA! - to leave his heirs, that's for sure.

He probably has assets some hidden away offshore, but not enough. He can sell properties but the money goes to Dominion and the Freemans. And he won't be out of trouble even after they've been paid in full. More lawsuits and legal difficulties are coming shortly.

[MLAA]

34. I'm hoping all he has to live on is Social Security and to survive starts voting against the repugs that want to cut it.

[Shermann]

41. That can possibly be garnished for the back taxes

Likely not for the defamation settlement though.

[MLAA]

44. Excellent!

[GoodRaisin]

35. Ruby and Shay's lawyers want to be paid too. They've got Rudy dancing now.

They will be coming right up Giuliani’s asshole for the rest of his life. By the time they are finished with him he won’t be left with a box to shit in or a bottle to piss in.

Ruby and Shay ought to move in to his luxury pad.

[Yo_Mama_Been_Loggin]

36. Nice try Rudy Toot

[IcyPeas]

38. 79 years old. He coulda been sitting pretty in his $6 million Park Avenue condo.

What did he hope to gain from hitching his wagon to Trump's caboose?

SMH

[TexasBushwhacker]

43. Just because he's an attorney

doesn't mean he's smart about money. The listing on Zillow has already been dropped to $6.1 M (from $6.5 M) and just the HOA fees are almost $11K per month.

https://www.zillow.com/homedetails/45-E-66th-St-APT-10W-New-York-NY-10065/244903133_zpid/

[Mopar151]

40. Can a creditor in Bankruptcy object to a Chapter 11?

What the hell does he have to "reorganize"? He should be in "full liquidation", with assets frozen! The Georgia ladies should be moving to seize his primary domicile, and all the household goods within, to satisfy the terms of their judgement. A couple hundred thousand might be chump change for Fox, DrunkRudy, or Trump, but it would mean a lot to people of modest means.

[riversedge]

46. " The bankruptcy may not allow Giuliani to completely avoid paying the court judgments against him. Certain kinds of deb

Sounds like rudy will be living off only his social security. Maybe an efficiency?

...............Earlier in his career, Giuliani used federal anti-racketeering law to lock up mob bosses and police Wall Street insider trading when he served as US Attorney for the Southern District of New York in the 1980s. It helped vault him to the mayor’s office, and his leadership after the Sept. 11, 2001, terrorist attacks won global acclaim. He sought the Republican presidential nomination himself in 2008.

He later joined Trump’s legal team and pushed discredited conspiracy theories in an attempt to overturn the 2020 presidential election. Legal bills piled up, and his efforts to pay were crimped when his law license was suspended in New York State and in the District of Columbia. He subsequently faced disbarment proceedings.

The bankruptcy may not allow Giuliani to completely avoid paying the court judgments against him. Certain kinds of debts, like those related to intentional fraud, cannot be eliminated under the US Bankruptcy Code.

The case is Rudolph W. Giuliani, 23-12055, US Bankruptcy Court for the Southern District of New York (Manhattan).
..........

[live love laugh]

47. The bankruptcy won't shield him from the civil suit.