07/10/2024

Rudy Giuliani Heads for Bankruptcy Reckoning

The court hearing will likely lead to some loss of control for Giuliani

Former Trump lawyer Rudy Giuliani will ask a U.S. judge on Wednesday to convert his personal bankruptcy case into a Chapter 7 liquidation and appoint a trustee to sell off his assets, a move that his creditors oppose as a delay tactic.

Giuliani's creditors, including two former Georgia election workers who won a $148 million defamation judgment against him, have said that Giuliani's motion to appoint a Chapter 7 trustee was primarily meant to thwart their ongoing investigation into the former New York mayor's finances.

Wednesday's court hearing will likely lead to some loss of control for Giuliani, even if the judge allows his preferred method for liquidating his assets.

Please select this link to read the complete article from Reuters.