Giuliani Ordered To Pay $400K In Failed Bankruptcy

August 1, 2024 Republicans, Trump cultists

The Associated Press reports:

Rudy Giuliani has agreed to a last-minute deal to end his personal bankruptcy case and pay about $400,000 to a financial adviser hired by his creditors, avoiding a potential deep-dive into the former New York City mayor’s finances that was threatened by a federal judge.

The agreement was filed Wednesday in federal court in White Plains, New York. That came nearly three weeks after a judge there threw out Giuliani’s bankruptcy case after criticizing him for repeated failures to disclose his income sources and to comply with court orders.

But after Judge Sean Lane dismissed the bankruptcy case, Giuliani’s lawyers said he didn’t have the money to pay the creditors’ forensic financial adviser as required under bankruptcy laws, according to the judge.

The New York Daily News reports:



Rudy Giuliani agreed Wednesday to settle outstanding fees he owes to financial investigators with profits from the sale of his multimillion-dollar Manhattan penthouse or his Palm Beach condo to bring an end to his tortured bankruptcy case.

The proposed agreement, which the court must approve, says he’ll satisfy the remainder of the roughly $400,000 debt with proceeds from whichever property he sells first — his $5.7 million Upper East Side E. 66th St. apartment, which he put on the market last year, or his Florida condo, valued at around $3.5 million, which is not currently for sale.

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