In his submitting Thursday, the previous New York Metropolis mayor listed practically $153 million in present or potential money owed, together with near 1,000,000 {dollars} in tax liabilities, cash he owes his attorneys and plenty of tens of millions of {dollars} in potential authorized judgements in lawsuits in opposition to him. He estimated his property to be between $1 million and $10 million.
The most important debt is the $148 million he was ordered to pay per week in the past for making false statements in regards to the election staff in Georgia stemming from the 2020 presidential contest.
‘A surprise to no one’
Ted Goodman, a political adviser and spokesperson for Giuliani, a one-time Republican presidential candidate and high-ranking Justice Division official, stated in a press release that the submitting “should be a surprise to no one.”
“No person could have reasonably believed that Mayor Giuliani would be able to pay such a high punitive amount,” Goodman stated. He stated the chapter submitting would give Giuliani “the opportunity and time to pursue an appeal, while providing transparency for his finances under the supervision of the bankruptcy court, to ensure all creditors are treated equally and fairly throughout the process.”
However declaring chapter seemingly is not going to erase the $148 million in damages a jury awarded to the previous Georgia election staff, Ruby Freeman and Wandrea’ “Shaye” Moss. Chapter regulation doesn’t permit for the dissolution of money owed that come from a “willful and malicious injury” inflicted on another person.
Final week’s jury verdict was the most recent and costliest signal of Giuliani’s mounting monetary pressure, exacerbated by investigations, lawsuits, fines, sanctions, and damages associated to his work serving to then-Republican President Donald Trump attempt to overturn the 2020 election that he misplaced to Democrat Joe Biden.
$1.4 million in authorized payments
In September, Giuliani’s former lawyer Robert Costello sued him for about $1.4 million in unpaid authorized payments, alleging that Giuliani breached his retainer settlement by failing to pay invoices in full and a well timed vogue. Giuliani has requested a decide to dismiss the case, claiming he by no means obtained the invoices at situation. The case is pending.
Costello represented Giuliani from November 2019 to this previous July in issues starting from an investigation into his enterprise dealings in Ukraine, which resulted in an FBI raid on his home and office in April 2021, to state and federal investigations of his work within the wake of Trump’s 2020 election loss.
In August, the IRS filed a $549,435 tax lien in opposition to Giuliani for the 2021 tax 12 months.
Copies have been filed in Palm Seaside County, Florida, the place he owns a condominium and New York, beneath the title of his outdoors accounting agency, Mazars USA LLP. That’s the identical agency that Trump used for years earlier than it dropped him as a shopper amid questions on his monetary statements.
Giuliani, nonetheless considerably in style amongst conservatives within the metropolis he as soon as ran, hosts a each day radio present in his hometown on a station owned by an area Republican grocery retailer magnate. Giuliani additionally hosts a nightly streaming present watched by just a few hundred individuals on social media, which he calls “America’s Mayor Live.”
