Trump's ex-lawyer Giuliani booted from bankruptcy after fee dispute resolved
By Dietrich Knauth
NEW YORK, Aug 2 (Reuters) -A U.S. judge formally ended Rudy Giuliani's bankruptcy on Friday - a move that lets sexual harassment, defamation and other lawsuits proceed against him stemming from his past work for former President Donald Trump - following a two-week delay precipitated by his failure to pay certain legal fees.
Giuliani, 80, filed for Chapter 11 bankruptcy protection in December after a court in Washington ordered him to pay $148 million to two Georgia election workers who he had falsely accused of rigging votes in the 2020 presidential election in which Joe Biden defeated Trump.
The bankruptcy filing automatically stopped lawsuits from proceeding against Giuliani and stopped the election workers from trying to collect on their judgment.
U.S. Bankruptcy Judge Sean Lane ended Giuliani's bankruptcy on Friday, after ruling on July 12 that Giuliani should be kicked out of bankruptcy over his failure to make required financial disclosures.
The earlier ruling did not immediately take effect because of Giuliani's "troubling" refusal to repay creditors who were forced to hire investigative accountants to fill gaps in his financial reports, according to Lane.
The White Plains, New York-based judge said last week that he was having second thoughts about ending the bankruptcy, and he was instead considering other options, such as appointing a bankruptcy trustee to take over Giuliani's finances or forcing the former New York mayor to testify about his refusal to pay the fees.
Giuliani resolved the fee dispute by agreeing to put $100,000 in an escrow account while the bankruptcy court determines the precise amount he must pay. Giuliani's creditors had sought about $350,000 for their investigation into Giuliani's finances.
The remainder of the fees will be paid from the proceeds of the sale of either Giuliani's New York penthouse apartment or his luxury Florida condo.
Giuliani's attorney Heath Berger said his client is planning to sell the New York apartment, which is already up for sale, and live in Florida. Berger declined to comment when asked where Giuliani came up with the $100,000 for the escrow account.
The bankruptcy prevented the former Georgia election workers, Wandrea "Shaye" Moss and her mother Ruby Freeman, from collecting on the judgment in their case, while freezing other lawsuits stemming from Giuliani's work for Trump.
After bankruptcy, Giuliani intends to appeal the $148 million verdict in the Georgia defamation case, his attorneys said.
Trump is the Republican nominee in the Nov. 5 U.S. presidential election.
Giuliani remains in bankruptcy limbo over unpaid fees nL1N3JH1AZ
Giuliani spent on Florida condo, RNC trip instead of bankruptcy fees nL1N3J90Y4
Judge ends Giuliani bankruptcy, heightening legal risks nL1N3J40VG
Reporting by Dietrich Knauth, Editing by Will Dunham and Alexia Garamfalvi
Dernières actualités
Avertissement : Les entités de XM Group proposent à notre plateforme de trading en ligne un service d'exécution uniquement, autorisant une personne à consulter et/ou à utiliser le contenu disponible sur ou via le site internet, qui n'a pas pour but de modifier ou d'élargir cette situation. De tels accès et utilisation sont toujours soumis aux : (i) Conditions générales ; (ii) Avertissements sur les risques et (iii) Avertissement complet. Un tel contenu n'est par conséquent fourni que pour information générale. En particulier, sachez que les contenus de notre plateforme de trading en ligne ne sont ni une sollicitation ni une offre de participation à toute transaction sur les marchés financiers. Le trading sur les marchés financiers implique un niveau significatif de risques pour votre capital.
Tout le matériel publié dans notre Centre de trading en ligne est destiné à des fins de formation / d'information uniquement et ne contient pas – et ne doit pas être considéré comme contenant – des conseils et recommandations en matière de finance, de fiscalité des investissements ou de trading, ou un enregistrement de nos prix de trading ou une offre, une sollicitation, une transaction à propos de tout instrument financier ou bien des promotions financières non sollicitées à votre égard.
Tout contenu tiers, de même que le contenu préparé par XM, tels que les opinions, actualités, études, analyses, prix, autres informations ou liens vers des sites tiers contenus sur ce site internet sont fournis "tels quels", comme commentaires généraux sur le marché et ne constituent pas des conseils en investissement. Dans la mesure où tout contenu est considéré comme de la recherche en investissement, vous devez noter et accepter que le contenu n'a pas été conçu ni préparé conformément aux exigences légales visant à promouvoir l'indépendance de la recherche en investissement et, en tant que tel, il serait considéré comme une communication marketing selon les lois et réglementations applicables. Veuillez vous assurer que vous avez lu et compris notre Avis sur la recherche en investissement non indépendante et notre avertissement sur les risques concernant les informations susdites, qui peuvent consultés ici.
