Rudy Giuliani declared bankruptcy on Thursday, six days after a $148 million defamation judgment was awarded against him.
This is a companion discussion topic for the original entry at https://talkingpointsmemo.com/?p=1476490
This is a companion discussion topic for the original entry at https://talkingpointsmemo.com/?p=1476490
ETA: He was already morally bankrupt.
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Will Chapter 11 give him any protection? The judge in the Sandy Hook case denied it for Alex Jones.
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I would not recommend being a Trump attorney. First, you don’t get paid, go to jail (Cohen) or declare bankruptcy (Rudy).
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Nope, not a stitch… Doesn’t apply for intentional torts.
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Merry Christmas, one and all!
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His finances finally caught up with his morals.
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Noun, verb Chapter 11. Looks like Ruby and Shay might assume ownership of his upper east side condominium.
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I see tar. Where are the feathers?
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Since he long ago sold his soul, that asset is not available.
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Generally, judgment debts for willful and malicious injury are excepted from sec. 523 discharge. So, this won’t get him where he wishes he could be.
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Trump disqualification. Rudy bankruptcy. Santa is being very generous this year.
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What a time to be a forensic accountant with Trump and his phonies running around (but not for too much longer - patience, the clock is ticking ever so quietly, but in the proper direction). The payback would be priceless…
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Chapter 11? Delusions of grandeur. Chapter 11 is for REORGANIZATIONS, like for businesses with a plan to consolidate and pull out of a slump. Rudy, as we all can see, lacks any rational plan.
To get a Chapter 11 plan approved, you have to generate SUBSTANTIAL REGULAR INCOME to make regular & timely payments to creditors under your plan. There’s no sign of that, here.
Rudy’s bankruptcy filing will soon be converted involuntarily to a LIQUIDATION, like that of any consumer who can’t make good decisions about his/her finances.
Think WHOOOSH [Loud flushing sound]!
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Dear Rudy - shutting the fuck up doesn’t cost a thing.
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Not against his secured creditors or his defamation/IIIED judgment, which is non-dischargeable because it is for an intentional tort. Still, the occasion of laying all his assets on the table might prompt Ruby and Shae to cut a deal.
Now, will Rudy find himself capable of avoiding bankruptcy fraud? I think that remains to be seen.
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I figure Guiliani saw this coming and got paid for his work in Ukraine from off-shore third parties, such as Oleg Deripaska, to avoid taxes and seizure. His lawsuit against Trump is just cover.
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Brilliant!
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