Former New York Mayor Giuliani has filed for asset preservation under bankruptcy law. As former President Trump’s lawyer, he led an attempt to overturn the results of the 2020 presidential election, leading to huge legal costs and bankruptcy.
Giuliani filed a filing on the 21st with the U.S. Bankruptcy Court in Manhattan, seeking protection from creditors, listing debts of up to $500 million (approximately 71 billion yen) and assets of up to $10 million. It is stated that.
Mr. Giuliani (May 19, 2023)
Photographer: Eric Lee/ Bloomberg
The latest blow for Mr. Giuliani was a jury verdict in U.S. District Court in Washington on the 15th. Trump was ordered to pay $148 million in restitution to two employees for spreading a conspiracy theory that they were involved in fraud against Trump in Georgia’s presidential election process. .
Giuliani’s bankruptcy lawyers, Heath Berger and Gary Fischoff, said: “This allegation should not surprise anyone, and it is unlikely that former Mayor Giuliani could reasonably think he could pay such a large punitive amount.” There is no one who can do it,” he commented.
Chapter 11 bankruptcy protection would provide transparency and fairness to creditors while giving Giuliani time to pursue an appeal of the Georgia case, lawyers said.
Giuliani also was sued by the law firm Davidoff Hatcher & Citron in September for unpaid legal fees of $1.36 million.filing a lawsuitIt was done. A former Staten Island grocery store employee who was arrested for accidentally patting a former mayor on the back is being ordered to pay $2 million.
In September, Trump held a $100,000-a-person fundraising party at his golf club in Bedminster, New Jersey, to help pay Giuliani’s legal fees.
Related article:
Original title:Giuliani Files for Bankruptcy After $148 Million Defamation Loss(excerpt)
(Updates with debt details and attorney’s comments.)
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2023-12-21 18:07:00
