Rudy Giuliani bankruptcy case dismissed | Real Time Headlines

New York Commonwealth bankruptcy judge On Friday, a harsh ruling dismissed the Chapter 11 Bankruptcy Protection Cases Rudy Giuliani immediately reveals Newly disbarred lawyer Earlier Trump Lawyer Creditors are seeking repayment of huge debts in other courts.

These creditors include two Georgia election workersto whom Giuliani owes Defamation civil damages of US$148 million A federal district court jury verdict was obtained in December.

“Mr. Giuliani failed to provide an accurate and complete financial picture during the six months that this case was pending,” Bankruptcy Court Judge Sean Lane of the Southern District of New York wrote in his dismissal ruling.

“The lack of financial transparency is particularly troubling given concerns that Mr. Giuliani has engaged in self-dealing and that he has potential conflicts of interest that would impede the administration of his bankruptcy case,” Ryan added.

The defamation damages, which constitute the bulk of Giuliani’s financial liability, stem from comments the former New York mayor made against worker Ruby Freeman and her daughter Vandria “Shaye” Moss while trying to overturn the loss of then-President Donald Trump. defamatory statements made by Trump in the 2020 presidential election.

Unlike many of Giuliani’s other creditors, Freeman and Moss supported the idea of ​​dismissing the bankruptcy case, which he filed days after he lost the defamation verdict.

Giuliani also agreed to the dismissal because it would allow him to continue appealing his court losses to the women and avoid having a bankruptcy trustee oversee the disposition of his assets.

The bankruptcy case was dismissed ten days after New York state disbarred Giuliani for his widespread lies about voter fraud that cost Trump the 2020 presidential election. Joe Biden.

Giuliani, a former top federal prosecutor in New York and a senior Justice Department official, has been criminally charged in state courts in Georgia and Arizona in connection with his efforts to overturn Trump’s defeat.

Lane wrote in Friday’s ruling that he “believes it is in the best interests of creditors to dismiss the bankruptcy case and refile within one year.”

Ryan blasted Giuliani’s conduct in the case, writing: “The record … reflects Mr. Giuliani’s consistent failure to meet his reporting obligations and to provide the financial transparency required by the debtors.”

“Most importantly, none of Mr. Giuliani’s business entities produced any (required information) despite being required to do so,” the judge wrote.

“Nor has Mr. Giuliani or his entities identified any legitimate reason why the requested information should not or could not be provided,” he added. “Even the failure to provide basic disclosures about these assets would by itself be sufficient to find cause.” “

“Giuliani filed for Chapter 11 in bad faith,” Freeman and Moss’ bankruptcy attorney Rachel Strickland said in a statement.

“It has become a pattern for this once-famous conman to try to exploit the legal system to further harm Ruby and Shaye,” Strickland said. “In today’s sentencing, Judge Lane saw through Giuliani’s tactics.” , dismissing his case so that Ruby and Shaye could begin to use their discretion and make Rudy pay for his malicious lies.

In a statement to CNBC, Giuliani’s spokesman said that in the bankruptcy proceedings he initiated, Giuliani was deprived of the opportunity to file a lawsuit against Freeman and Moss for a “grossly unfair $148 million verdict” against Washington, D.C. Ability to appeal to federal appeals courts.

“The entire bankruptcy case is riddled with a number of equally large and overly broad disclosure requests and other actions, including periodic leaks, designed to harm the mayor and destroy his businesses,” Giuliani spokesman Ted Goodman said.

“We will continue to pursue justice and we are confident that in the long term, our justice system will be restored and the mayor will be fully vindicated,” Goodman said.