Rudolph W. Giuliani, the former mayor of New York City and personal lawyer to former President Donald J. Trump, recently had his bankruptcy case dismissed by a federal judge. This means that Mr. Giuliani is no longer protected by the Chapter 11 bankruptcy code, which shielded him from having his assets seized and sold by creditors.
The dismissal of his bankruptcy case came after Mr. Giuliani failed to comply with the court’s requirements, including disclosing his assets and business details. As a result, he now owes approximately $153 million to 20 different individuals and businesses, with two Georgia election workers, Ruby Freeman and Shaye Moss, at the top of the list. These two creditors were defamed by Mr. Giuliani after the 2020 election, leading to a court judgment that he must pay them a significant amount of money.
Now that Mr. Giuliani’s creditors are free to pursue his estate, it remains to be seen what steps they will take to collect the money owed to them. Given the substantial amount of debt he is facing, it is likely that his assets will be targeted in order to satisfy these obligations. In addition to Freeman and Moss, there are numerous other parties seeking repayment from Mr. Giuliani, making his financial situation quite precarious.
It is important to note that the dismissal of his bankruptcy case does not mean that Mr. Giuliani is free from his debts. Instead, it signifies that he is no longer protected from legal actions taken by his creditors. This development could have serious implications for his financial future, as he may be forced to liquidate assets in order to settle his outstanding debts.
Overall, the dismissal of Rudolph W. Giuliani’s bankruptcy case raises questions about what will happen next in terms of his financial obligations and the actions his creditors may take to recover the money owed to them. It is a situation that will likely continue to unfold in the coming weeks and months, as Mr. Giuliani navigates the aftermath of this significant legal decision.
