@inclementimmigrant to politics • 11 months agoRudy Giuliani files for bankruptcywww.politico.comexternal-linkmessage-square47arrow-up1329arrow-down16
arrow-up1323arrow-down1external-linkRudy Giuliani files for bankruptcywww.politico.com@inclementimmigrant to politics • 11 months agomessage-square47
minus-square@grabyourmotherskeyslink16•11 months agoI 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.
minus-square@[email protected]linkfedilink3•11 months agoAs long as his money and assets aren’t moved or hidden away and unreachable.
minus-square@grabyourmotherskeyslink4•11 months agoI think failing to disclose assets would be a further transgression but not an expert.
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.