Angry creditors want Giuliani’s assets taken out of his control
CNN
A group of angry creditors will face-off against Rudy Giuliani in bankruptcy court on Wednesday, where they have asked a judge to put his finances under the control of an independent trustee in order to lock down his assets and begin to collect what they’re owed.
A group of angry creditors will face-off against Rudy Giuliani in bankruptcy court on Wednesday, where they have asked a judge to put his finances under the control of an independent trustee in order to lock down his assets and begin to collect what they’re owed. Since declaring bankruptcy late last year, Giuliani appears to have remained flush with cash, including being paid $75,000 by a documentary project. He’s also continued to spend thousands of dollars each month on dozens of Amazon, streaming media and other purchases, according to court records. Those transactions and a general lack of transparency around Giuliani’s finances have drawn the ire and frustration of creditors seeking to enforce millions of dollars in claims against the former New York mayor, including $148 million in damages won by two Atlanta election workers who successfully argued in court last year that Giuliani defamed them after the 2020 election. At Wednesday’s hearing, the creditors will push the judge presiding over the case to take drastic steps to rein in Giuliani’s spending and potentially liquidate his assets, according to court filings they’ve made this week. And Giuliani may have to answer detailed questions under oath about his financial situation that he has so far refused to reveal. The hearing comes about a week after Giuliani lost his law license over his efforts in backing Donald Trump’s attempts to overturn the 2020 presidential election. Giuliani is also facing criminal charges in connection to those efforts in Georgia and Arizona. Giuliani’s decision to file for Chapter 11 reorganization should have brought transparency to his finances and moved him toward a plan to pay his debts, bankruptcy experts say.
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