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Giuliani seeks bankruptcy after $148 mln judgment in defamation case -filing (www.reuters.com)

submitted 11 months ago by negativenull@startrek.website to c/politics@lemmy.world

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[-] dhork@lemmy.world 88 points 11 months ago

The filing also listed President Joe Biden's son, Hunter Biden, as a creditor, without specifying the amount Giuliani owed him.

Aha! It's the smoking gun that they've been looking for all along! Direct evidence that Hunter Biden is accepting payments from a foreign agent!

[-] negativenull@startrek.website 48 points 11 months ago

The picture provided in that article is gold:
Giuliani

[-] badbytes@lemmy.world 4 points 11 months ago

Yeah, probably the best thing in article.

[-] _number8_@lemmy.world 15 points 11 months ago

this is very very funny but also don't these sort of business ghouls just see this as paperwork and not a horrible shame thing like we would? like a sacrifice bunt or something

[-] AlwaysNowNeverNotMe@kbin.social 13 points 11 months ago

Ya I think drumpf filed like 4 times and people still think he can run a business.

[-] meco03211@lemmy.world 3 points 11 months ago

But he can run a business. Not well, mind you. But he can surely run it.

[-] gregorum@lemm.ee 6 points 11 months ago

Soon, he won’t be able to run one in the state of New York, lol

[-] AlwaysNowNeverNotMe@kbin.social 5 points 11 months ago

Legally he can't in a few states now.

[-] Psaldorn@lemmy.world 2 points 11 months ago

Anyone can run businesses into the ground

[-] Nommer@sh.itjust.works 11 points 11 months ago* (last edited 11 months ago)

I guess I don't fully understand how someone can file for bankruptcy but still be rich after. If all it does is ruin your credit for 10 years or whatever the cutoff is, then why should the rich care if they file? They already have money and enough of it that investors don't really care about their credit. Shouldn't the government be garnishing wages or something at least?

[-] lobut@lemmy.ca 5 points 11 months ago

Yeah I don't know how Alex Jones is just going along telling the government to get wrecked.

[-] krellor@kbin.social 9 points 11 months ago* (last edited 11 months ago)

There are different types of bankruptcy, for both businesses and individuals. One form of bankruptcy occurs when you plan to pay your creditors but need the courts help to consolidate and set terms because you have too many creditors or terms you can't comply with. There is also a kind that allows you to discharge certain types of debt.

I'd have to look into it but I'm guessing Giuliani is filling the structuring his debt kind because he owes dramatically more than he is worth. His debt likely can't be fully discharged in bankruptcy, but a judge can allow for the orderly sale of assets and structuring of payment, rather than a repossession frenzy.

Edit: he filed for chapter 11, which is the kind that will restructure his assets and set up a payment plan to his creditors, including the recent legal judgements against him.

[-] frezik@midwest.social 2 points 11 months ago

Many do, but probably not this time. Trump stopped taking his phone calls a while back, and he was scratching around for loose change, like doing Cameo. He probably doesn't have $147M in assets.

[-] MegaUltraChicken@lemmy.world 15 points 11 months ago

Someone better post that sweet Riker gif...

[-] ummthatguy@lemmy.world 29 points 11 months ago* (last edited 11 months ago)

Ok, I did the thing. Now what? Also great username! It is only legend.

[-] Pratai@lemmy.ca 7 points 11 months ago

Real men should honor their debts. What a fucking coward.

[-] SCB@lemmy.world 2 points 11 months ago

I agree with your general view of Giuliani, but disparaging bankruptcy isn't the way to go.

More debts should be dismissable via bankruptcy, imo

[-] Pratai@lemmy.ca 11 points 11 months ago* (last edited 11 months ago)

Bankruptcy is for people with no other option. Not for clowns to use to get out of paying warranted fines for having been a piece of shit grifting traitor.

[-] SCB@lemmy.world 3 points 11 months ago

Real men should honor their debts

This has nothing to do with your response, though.

Bankruptcy for student loan debt would change millions of lives, as an example.

[-] Pratai@lemmy.ca 0 points 11 months ago

And as I said, bankruptcy to get out of paying a debt they can afford is for pieces of shit.

[-] ares35@kbin.social 6 points 11 months ago

watch him get jail time for faking his financials.

[-] jordanlund@lemmy.world 2 points 11 months ago

Amazed he had enough money to file TBH.

this post was submitted on 21 Dec 2023

149 points (99.3% liked)

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