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inclementimmigrant@lemmy.world to politics @lemmy.world · 1 year ago

Rudy Giuliani files for bankruptcy

www.politico.com

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Rudy Giuliani files for bankruptcy

www.politico.com

inclementimmigrant@lemmy.world to politics @lemmy.world · 1 year ago
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The filing comes days after Giuliani was ordered to pay $148 million in damages to two former Georgia election workers.
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  • AdamEatsAss@lemmy.world
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    1 year ago

    To be fair most people would have to file for bankruptcy if they were given a $148 million dollar bill.

    • LetterboxPancake@sh.itjust.works
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      1 year ago

      Even I would have to, and I found 50 cents on the street once.

      • PinkPanther@sh.itjust.works
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        Depending on when you found it, it might be worth… ~51 cents! Keep this up, and you’ll be a millionaire in no time!

        Buy my $1500 (75% off) online course so I can teach you how to become a millionaire.

        You’ll also have to sign up to be a seller for Forever Living

        • LetterboxPancake@sh.itjust.works
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          1 year ago

          It’s $0.551 even!

          • PinkPanther@sh.itjust.works
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            1 year ago

            To the moon!!

          • dependencyinjection@discuss.tchncs.de
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            1 year ago

            That’s odd!

        • Flying Squid@lemmy.world
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          1 year ago

          It could be an extremely rare couple of quarters and worth millions!

          It won’t be, but it could be!

          • LetterboxPancake@sh.itjust.works
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            1 year ago

            In my case it’s just half a Euro

  • AbouBenAdhem@lemmy.world
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    1 year ago

    Oh, financial bankruptcy. I guess that works too.

    • Treczoks@lemmy.world
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      1 year ago

      The ethic bankruptcy has happened a long time ago, when he started being a.lawyer.

  • Dagwood222@lemm.ee
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    1 year ago

    I’ll keep reposting this.

    After he was elected, but before being sworn in as Mayor, Rudy was on scene when an EMS crew was treating a child struck by a car. The mother was trying to get the crew to go to a hospital where her husband worked. The medical protocol the crew was following called for transport to the nearest trauma center. Rudy threw himself into the mix, and later spread vicious lies about the crew, trying to make them look like they’d refused to treat the child. As the Union pointed out, Rudy would never have interfered with a cop or a fire fighter.

    https://www.nytimes.com/1993/12/16/nyregion/giuliani-challenges-ems-at-accident.html

    • BarqsHasBite@lemmy.world
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      1 year ago

      Why was he at the accident?

      • Dagwood222@lemm.ee
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        1 year ago

        New York is a busy place. He was just there.

        • littleblue✨@lemmy.world
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          1 year ago

          Likely story.

  • Tylerdurdon@lemmy.world
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    1 year ago

    Some Rudy pics look like you could put googly eyes on them and they would appear the same.

  • ripcord@kbin.social
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    He supposedly had 12 proberties in NYC alone. How that could be worth less than $10M, not including supposedly his properties in TX, OH, and others, I don’t get. Plus whatever he’s squirrelled away, probably offshore.

    • Stupidmanager@lemmy.world
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      Texas has a homestead law there, so he might not lose at least 1 of them. All depends on how he owns it (outright vs trusts or whatever). New York should force him to sell all but his primary residence as they have a similar homestead law. This should be a fun show, i’ve invested in popcorn.

      Really, what we all hope is that He’s treated like Alex and he can’t write off the 148mil in bankruptcy.

    • BruceTwarzen@kbin.social
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      1 year ago

      How is it even possible for him to accumulate that kind of money?

      • ripcord@kbin.social
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        1 year ago

        Bribes.

        And book deals, speaking fees, and “consulting fees” (aka bribes)

  • DrSleepless@lemmy.world
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    1 year ago

    We call it the Akex Jones maneuver

  • CobblerScholar@lemmy.world
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    1 year ago

    Maybe you can hit up Sacha Baron Cohen for some royalties

  • inclementimmigrant@lemmy.worldOP
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    1 year ago

    And with this, all I can think of is The Office now.

    https://youtu.be/C-m3RtoguAQ?si=2xwWfCXqBM5tJhke

  • spudwart@spudwart.com
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    1 year ago

    It’s just Chapter 11, basically the ‘get out of losing money free’ bankruptcy.

    • banneryear1868@lemmy.world
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      Can look up the Consumer Protection Act to see who made it harder for regular people to file Chapter 11, made some credit card companies very happy.

      • spudwart@spudwart.com
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        1 year ago

        Was it Reagan? I bet it was Reagan.

        • banneryear1868@lemmy.world
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          1 year ago

          Passed in 2002 and signed into law by Dubya, Biden helped get the Democrats on board.

  • thefluffiest@feddit.nl
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    No worries Rudy, there’s plenty of room under the Queensboro Bridge

  • notannpc@lemmy.world
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    1 year ago

    Now he’s not just morally bankrupt, but legally too.

  • YurkshireLad
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    So those poor women will get none of the $148M?

    • grabyourmotherskeys@lemmy.world
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      I have no idea how anything works but I’m a 50 year old man so I’ve got an opinion.

      He has lots of assets and a judgement against him in their favor makes them high priority creditors (I think).

      My guess is they will liquidate his assets, pay lawyers, pay banks, then pay these women and anyone else he’s in debt to.

      There will probably be a proceeding where his creditors lawyers line to explain why they should be paid first so maybe it won’t go that way.

      But rest assured: the lawyers and banks will be paid and he’s deeply in debt.

      He probably sees this as way to both restructure his debt and avoid paying them. How successful he is at that will be revealed in time.

      • YurkshireLad
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        As long as his money and assets aren’t moved or hidden away and unreachable.

        • grabyourmotherskeys@lemmy.world
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          I think failing to disclose assets would be a further transgression but not an expert.

    • HeyThisIsntTheYMCA@lemmy.world
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      I’m betting that settlement is not dischargeable in bankruptcy.

      • kmartburrito@lemmy.world
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        Correct, this was what I have heard on several podcasts. He likely really doesn’t have the money, but he can’t get away from the decision by declaring bankruptcy.

    • Treczoks@lemmy.world
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      He never had those millions. So basically they will be able to strip him down into homelessness.

      AFAIK, a bankruptcy cannot protect you from paying those fines.

      • YurkshireLad
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        Good point but I want those ladies to get compensation. From him. So he is left with nothing.

        • Flying Squid@lemmy.world
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          Their compensation is seeing him destroyed. That’s what they wanted in the first place.

  • SinningStromgald@lemmy.world
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    Does this mean he is too broke to appeal?

    • saltesc@lemmy.world
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      I’ll read the article,.brb.

      Chapter 11 will afford Mayor Giuliani the opportunity and time to pursue an appeal, while providing transparency for his finances under the supervision of the bankruptcy court

      No.

      • SinningStromgald@lemmy.world
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        The internet does not deserve you.

    • Juujian@lemmy.world
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      That public defense is gonna be in for the case of his lifetime…

  • madcaesar@lemmy.world
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    From America’s Mayor, to human shit stain. Thanks Obama Trump!

  • ChunkMcHorkle@lemmy.world
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    deleted by creator

    • SaltySalamander@kbin.social
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      Here’s the original. Enjoy it in all its 5700x3800 glory.

      • ChunkMcHorkle@lemmy.world
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        deleted by creator

    • banneryear1868@lemmy.world
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      Now read his sexts… “Those tits? Those are my tits! They’re mine. Yes those are my tits, yes they are. Those are MY tits!”

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