The two election workers from Georgia to whom the justice system ruled that Rudolph William Louis Giuliani must pay $148 million for falsely accusing them of manipulating the vote that made Joe Biden president can access his assets to collect only a tiny part of the sanction.
After the 80-year-old lawyer and his creditors resolved an impasse over how to pay administrative expenses, a judge formally closed the bankruptcy status he was hiding behind, forcing him to comply with the imposed sanction.
Judge Sean Lane decided to dismiss the bankruptcy of the former New York City mayor due to his lack of financial transparency after several months of making extravagant expenses labelled as personal.
Days earlier, he had threatened to force him to testify under oath to answer questions about his available assets.
This action forced Giuliani’s legal team to agree with Shaye Moss and Ruby Freeman so that their lawyer could seize his assets while attempting to collect their $148 million judgment.
In the eyes of society, within months, Rudy Giuliani has become poor. However, Donald Trump’s skilful friend presented only $10.6 million in assets in bankruptcy court, less than 10% of the amount determined as the sanction.
By quickly filing for Chapter 11 bankruptcy, Rudolph Giuliani froze other pending lawsuits against him.
According to the negotiation terms established with the Georgia workers, the New York lawyer must deposit $100,000 as a guarantee.
This way, the rest of his debt will be covered by the sales of his apartments in New York and Florida, which constitute most of his assets.
However, Giuliani’s strategy is worthy of a master who knows the laws and their loopholes. Once Shaye Moss and Ruby Freeman have accessed less than 10% of what they should collect, they will leave another group of claimants without a single penny, as their processes have not yet reached trial, and by the time they do, there will be no money left to pay them.
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