After Dismissal of Bankruptcy Case, Here’s What’s Next for Giuliani

[Pelican Press 0]

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After Dismissal of Bankruptcy Case, Here’s What’s Next for Giuliani

Rudolph W. Giuliani is free from the demands — and protections — of bankruptcy court. A federal judge dismissed his case on Friday, citing the former New York mayor’s ******** to comply with almost any of the court’s requirements.

Mr. Giuliani, the onetime personal lawyer to former President Donald J. Trump, filed for bankruptcy protection in December after a federal jury in Washington decided he should pay $148 million to two Georgia election workers he defamed after the 2020 election. In total, he owes about $153 million to 20 people and businesses.

Filing for bankruptcy under the Chapter 11 code protected Mr. Giuliani from having his creditors coming after his assets and pursuing lawsuits. But bankruptcy also required that he disclose his assets and details about his businesses.

“The record in this case reflects Mr. Giuliani’s continued ******** to meet his reporting obligations and provide the financial transparency required of a debtor in possession,” Sean H. Lane, the bankruptcy judge in the Southern District of New York who oversaw the case, said in his dismissal order.

Here is a look at what comes next, now that Mr. Guiliani’s creditors are free to go after his estate.

Mr. Giuliani owes money to at least 20 people and entities.

Ruby Freeman and Shaye Moss became the focus of a torrent of attacks and threats after the 2020 election because Mr. Giuliani spread ***** about them cheating when they counted votes in Fulton County, Ga. They are the two creditors who come first in making Mr. Giuliani pay. Not only are they owed far more than anyone else, but they also have a court judgment stating that Mr. Giuliani must pay them.

Other creditors include Noelle Dunphy, a former employee of Mr. Giuliani’s who claims he harassed and assaulted her. She has sued Mr. Giuliani in a Manhattan state court, and the case will continue now that he is no longer in bankruptcy. Dominion Voting Systems has also filed a lawsuit against Mr. Giuliani, accusing him of spreading ***** about the company after the 2020 election.

Mr. Giuliani also owes back taxes to New York and money to law firms that have represented him. He is in debt with several credit card companies; two golf clubs in Florida, including one owned by Mr. Trump; and the condominium association for his apartment in Palm Beach, Fla.

Mr. Giuliani says he has nearly $11 million in assets.

Much of the $11 million represents the condos he owns in New York and Palm Beach. His New York property is

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for $5.7 million. His home in Palm Beach is estimated to be worth around $3.5 million.

He has also said he has $30,000 worth of jewelry, including three World Series rings from the New York Yankees. But his creditors think that he is undervaluing those pieces. They have said the rings alone are worth about $15,000 each. He also has a 1980 Mercedes-Benz worth $25,000.

Mr. Giuliani disclosed that he owns stock in Uber, but said he did not know how much. He also told the court he has a signed Reggie Jackson picture and a signed Yankees stadium picture, but he said he did not know their value.

Next comes a flurry of paperwork.

Mr. Giuliani must sell his assets to pay off his debts. First up will be his New York condo. If he refuses, Ms. Freeman and Ms. Moss can pursue a lien to force his hand. The women will also be in the position to choose whether they want to ask local authorities to seize Mr. Guiliani’s belongings and sell them at auction.

The creditors who have not yet sued Mr. Giuliani can file claims in state courts. Others can move forward with their lawsuits after a nearly seven-month pause put in place because of the bankruptcy filing.

Ms. Freeman and Ms. Moss can also seek information from people who might know whether Mr. Giuliani has any hidden assets, such as a bank account he did not disclose.

“If Mr. Giuliani tries to hide his assets, my clients can and will go after anyone who hides things for him,” said Rachel Strickland, a lawyer for Ms. Freeman and Ms. Moss. “This formerly famous grifter will now have to face the music.”

Judge Lane said Mr. Giuliani could not file for bankruptcy protection again for at least a year. This will give his creditors some time to collect their debts from him before any new proceedings put the process on hold again.

There is no end in sight to the legal fees.

Mr. Giuliani faces multiple lawsuits, plus ********* charges in Georgia and Arizona for his efforts to overturn the 2020 election while working as Mr. Trump’s lawyer.

In a mass email just a few hours ahead of Judge Lane’s dismissal order, Mr. Giuliani asked supporters to donate to his defense fund. He said the goal was to raise $231,375.70. He chose that number because it is the booking number he was assigned when he turned himself in for the racketeering case against him in Fulton County. Mr. Giuliani and Mr. Trump and his allies are being charged there for their efforts to try to overturn the state’s 2020 election results.

Mr. Giuliani never disclosed to the bankruptcy court how much had been donated to the fund. In a bankruptcy filing earlier this year, the fund’s trustee — a former aide to Mr. Giuliani — said the funds had been raised from hundreds of donors. Most are contributions between $5 and $100. It also received a contribution of $25,000, but Mr. Menges did not disclose the name of the donor.

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