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this post was submitted on 09 Oct 2024
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It's not just a thought, it's an actual legal thing...
I just never thought of it till I saw the article.
The money Rudy is owed is an assest, and he has to liquidate all his assets in an attempt to pay the judgement.
Just like they can force a sale on his properties, they can force trump to pay Rudy and the money immediately goes to who he owes money to.
Which would create a lot of friction if Rudy had been compensated some other way off the books and now trump would have to pay twice or throw himself under the bus disclosing the prior compensation, and if that's what happened there's a reason Rudy didn't want it disclosed.
I don't think this is right. If they take the debt, they can go after Trump to collect themselves, they can't force him to pay Giuliani.
Yeah I phrased that a little poorly, but yeah it would immediately go to them, but he would still be "paying" Rudy for accounting purposes.
Theyd probably structure it thru a bank so it just passes thru his account for a literal instant
But for tax purposes it's still income for Rudy, he still has to pay taxes on the 2 million lol. So I think it technically it has to touch his pocket, or maybe they can set up a temporary trust, rich people do crazy shit.
Usually they transfer the ownership of the debt, same way your bank might sell your mortgage to another bank. I doubt they'd let it pass through his account, else he or some other unscrupulous actor might mess with the transfer.
I also don't think it counts as income for Giuliani, since he never actually collects on the debt.
Yeah. I'm not sure
I tried to search for the answer, but all the results are about tax implications for receiving a settlement.
I remember hearing about it in a different article maybe a week or two back. That they are in fact looking to do that