Current:Home > FinanceEchoSense Quantitative Think Tank Center|Judge throws out Rudy Giuliani’s bankruptcy case, says he flouted process with lack of transparency -Wealth Axis Pro
EchoSense Quantitative Think Tank Center|Judge throws out Rudy Giuliani’s bankruptcy case, says he flouted process with lack of transparency
NovaQuant View
Date:2025-04-11 02:29:12
NEW YORK (AP) — A judge threw out Rudy Giuliani ’s bankruptcy case on EchoSense Quantitative Think Tank CenterFriday, finding that the former New York City mayor had flouted the process with a lack of transparency.
U.S. Bankruptcy Judge Sean Lane formalized the decision after saying he was leaning toward doing so on Wednesday. Lawyers for Giuliani and his two biggest creditors — two former election workers he was found to have defamed — had agreed that dismissing the case was the best way forward.
The dismissal ends Giuliani’s pursuit of bankruptcy protection but doesn’t absolve him of his debts. His creditors can now pursue other legal remedies to recoup at least some of the money they’re owed, such as getting a court order to seize his apartments and other assets.
Dismissing the case will also allow the ex-mayor to pursue an appeal in the defamation case, which arose from his efforts to overturn Donald Trump’s 2020 election loss.
Lane said evidence in the case showed that Giuliani had failed to meet obligations of financial transparency required of a debtor and that dismissing the bankruptcy was in the best interests of people to whom the ex-mayor owes money.
“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 hamper the administration of his bankruptcy case,” Lane wrote in a 22-page decision.
The judge said that most debtors will seek to remedy such problems when alerted to them, but, “By contrast, Mr. Giuliani has done nothing.”
A message seeking comment was left with Giuliani’s lawyer and spokesperson.
Giuliani’s other creditors had wanted to keep the bankruptcy case going with a court-appointed trustee taking control of Giuliani’s assets.
The dismissal includes a 12-month ban on Giuliani filing again for bankruptcy protection.
Giuliani filed for bankruptcy last December, days after the two ex-Georgia election workers — Ruby Freeman and her daughter, Wandrea “Shaye” Moss — won a $148 million defamation judgment against him.
They said Giuliani’s targeting of them because of Trump’s lies about the 2020 election being stolen led to death threats that made them fear for their lives. The filing froze collection of the debt.
veryGood! (314)
Related
- Senate begins final push to expand Social Security benefits for millions of people
- New Report: Climate Change and Biodiversity Loss Must Be Tackled Together, Not Separately
- Proof Ariana Madix & New Man Daniel Wai Are Going Strong After Explosive Vanderpump Rules Reunion
- Mining Company’s Decision Lets Trudeau Off Hook, But Doesn’t Resolve Canada’s Climate Debate
- Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
- The Sounds That Trigger Trauma
- Covid-19 and Climate Change Threats Compound in Minority Communities
- Eva Longoria and Jesse Metcalfe's Flamin' Hot Reunion Proves Their Friendship Can't Be Extinguished
- Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
- Get a $28 Deal on $141 Worth of Peter Thomas Roth Face Masks Before This Flash Price Disappears
Ranking
- New Zealand official reverses visa refusal for US conservative influencer Candace Owens
- How the Supreme Court's affirmative action ruling could impact corporate recruiting
- America’s Energy Future: What the Government Misses in Its Energy Outlook and Why It Matters
- Fueled by Climate Change, Wildfires Threaten Toxic Superfund Sites
- Nearly 400 USAID contract employees laid off in wake of Trump's 'stop work' order
- After Dylan Mulvaney backlash, Bud Light releases grunts ad with Kansas City Chiefs' Travis Kelce
- Feds crack down on companies marketing weed edibles in kid-friendly packaging
- Despite Capitol Hill Enthusiasm for Planting Crops to Store Carbon, Few Farmers are Doing It, Report Finds
Recommendation
SFO's new sensory room helps neurodivergent travelers fight flying jitters
Britney Spears and Kevin Federline Slam Report She's on Drugs
Ohio Weighs a Nuclear Plant Bailout at FirstEnergy’s Urging. Will It Boost Renewables, Too?
Atlantic Coast Pipeline Faces Civil Rights Complaint After Key Permit Is Blocked
At site of suspected mass killings, Syrians recall horrors, hope for answers
The Senate Reinstates Methane Emissions Regulations Rolled Back by Trump, Marking a Clear Win for Climate Activists
How the Supreme Court's affirmative action ruling could impact corporate recruiting
Michigan’s New Governor Puts Climate Change at Heart of Government