Former New York City Mayor Rudy Giuliani found himself in a dire financial situation last year as he declared bankruptcy to shield his assets from a massive defamation lawsuit judgment.
This development came to a head when the judge overseeing his case dismissed his bankruptcy claim after an agreement was reached regarding administrative expenses.
The stage is now set for Georgia election workers to pursue the $148 million judgment they were awarded against Giuliani over unproven claims of ballot fraud following the 2020 election.
The legal saga began in December when a trial resulted in a jury awarding Georgia election workers Ruby Freeman and Shaye Moss up to $148 million from Giuliani due to his unfounded allegations of election fraud.
However, this judgment was promptly frozen when Giuliani filed for Chapter 11 bankruptcy protection.
Judge Sean Lane, who presided over Giuliani’s bankruptcy case, had expressed frustration with the lack of transparency regarding Giuliani’s financial situation.
Approximately three weeks ago, Judge Lane sought to dismiss the case but faced obstacles due to disputes between Giuliani and creditors over covering approximately $400,000 in administrative costs.
Thankfully, these disputes were resolved with new terms agreed upon for covering the administrative costs.
With these issues no longer impeding progress, Judge Lane finalized his decision to dismiss Giuliani’s bankruptcy claim and permitted creditors, primarily Freeman and Moss along with their representing firm, to begin their collection efforts.
Judge Lane’s order instructed Giuliani to place $100,000 into an escrow account immediately to cover part of the expenses and fees incurred by Global Data Risk, LLC.
Additionally, he mandated that two properties owned by Giuliani be put up for sale within six months – one being an apartment in New York City and the other a condo in Florida.
Should these properties not be sold within six months as stipulated, GDR and the two Georgia election workers would be authorized to place liens on or pursue actions to foreclose these properties.
The judge also set deadlines for objections and reply briefs before scheduling a final hearing if necessary.
Despite GDR likely recovering its debt through this process, it is improbable that Freeman and Moss will collect the full $148 million judgment due to Giuliani disclosing that his combined assets only total around $10.6 million.
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3 Comments
Just like TRUMPS TRIAL IN NY these are extreme fines no where near let the crime fit the punishment. Such soviet style hearings! Obviously, they are trying to Rob them both through lawfare!
Railroaded into bankruptcy, by a CORRUPT government….
This girl is dumb as a rock. Please do not vote for more of the same or worse.