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Rudy Giuliani files for bankruptcy
(www.politico.com)
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this post was submitted on 21 Dec 2023
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So those poor women will get none of the $148M?
I have no idea how anything works but I'm a 50 year old man so I've got an opinion.
He has lots of assets and a judgement against him in their favor makes them high priority creditors (I think).
My guess is they will liquidate his assets, pay lawyers, pay banks, then pay these women and anyone else he's in debt to.
There will probably be a proceeding where his creditors lawyers line to explain why they should be paid first so maybe it won't go that way.
But rest assured: the lawyers and banks will be paid and he's deeply in debt.
He probably sees this as way to both restructure his debt and avoid paying them. How successful he is at that will be revealed in time.
As long as his money and assets aren’t moved or hidden away and unreachable.
I think failing to disclose assets would be a further transgression but not an expert.
I'm betting that settlement is not dischargeable in bankruptcy.
Correct, this was what I have heard on several podcasts. He likely really doesn't have the money, but he can't get away from the decision by declaring bankruptcy.
He never had those millions. So basically they will be able to strip him down into homelessness.
AFAIK, a bankruptcy cannot protect you from paying those fines.
Good point but I want those ladies to get compensation. From him. So he is left with nothing.
Their compensation is seeing him destroyed. That's what they wanted in the first place.