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Bankruptcy judge weighs stripping Giuliani’s control of his finances

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 Bankruptcy judge weighs stripping Giuliani’s control of his finances
by Zach Schonfeld and Ella Lee - 06/17/24 4:03 PM ET
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Rudy Giuliani’s creditors attempted to persuade a bankruptcy judge to appoint a trustee to take control of the former New York City mayor’s finances Monday.

Following more than two hours of arguments, U.S. Bankruptcy Judge Sean Lane made no ruling on the creditors’ request but expressed worry about multiple aspects of the case, including financial reporting issues and Giuliani’s struggle to keep an active bookkeeper and accountant.

“There are reasons to be very concerned here. I’m not going to beat a dead horse,” Lane said just before adjourning the hearing.

Giuliani filed for Chapter 11 bankruptcy in December after a staggering $148 million verdict against him in a defamation case brought by two Georgia election workers whom he baselessly accused of 2020 election fraud. Though the election workers believe their award can’t be discharged in bankruptcy, Chapter 11 has enabled the former mayor to remain in control of his assets.

Monday’s hearing marked the culmination of months of rising tensions between Giuliani and his creditors, who have accused the former Trump attorney of obscuring his finances and contend his bankruptcy is nothing more than a delay tactic.

“He’s not a doddering 80-year-old. He is a shrewd and manipulative man. His reports are false, inconsistent and late. His deadlines are ignored,” Rachel Strickland, the election workers’ attorney, told Lane at Monday’s hearing.

Strickland went on to note Giuliani’s bookkeeper is ill, while his accountant quit.

more
https://thehill.com/regulation/court-battles/4726188-bankruptcy-judge-giuliani-finances/

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