Rudy Giuliani files for bankruptcy after $148M defamation judgment
Rudy Giuliani files for bankruptcy after $148M defamation judgment
A week after losing a $148 million defamation case, former New York City Mayor Rudy Giuliani has filed for Chapter 11 bankruptcy in a New York court.
As a student who has never been allowed to discharge his student loan debts...
Why the fuck aren't there laws in place for specifically shit like this, when rich people turn to bankruptcy to avoid paying bills? My student loans can't be discharged in bankruptcy, but this kind of shit can?
Fuck that shit, bring back debtors prison for rich assholes like this.
The judgment isn't dischargeable. Hecan say bankruptcy but they'll freeze and put a lein on everything he owns. He's super fucked.
It can't be. He's going to be on the hook for the rest of his life.
There are specific laws, it's called the bankruptcy code.
And strangely enough those kind of guy live in a million $$$ mansion or condo and spend $50'000/month on frivolities, even in bankruptcy
Bankruptcy doesn't mean without money.
It means your liabilities exceed your assets.
Liquid assets go straight towards liabilities, real assets TEND to stay untouched, some physical assets are sold off, some aren't, then after that little dance, the remainder of liabilities are discharged.
So yes. When you walk out of a bankruptcy, in general, your quality of life has changed very little, you are just starting over in terms of LIQUID assets.
That is what bankruptcy was designed to be.
However it was designed, it shouldn't be allowed to be abused by rich fucks not giving up their millionaire lifestyle while continuing to rack up additional debt/judgements. You know these assholes are proponents of limiting what people can use welfare for (no steak or other "luxury" food styled arguments). Perhaps he should be limited to what a person on welfare is able to afford? You want to continue to pull in an income for "speeches" or whatever bullshit these grifters do for money? All but the bare minimum get frozen by the court until judgements are settled.
Important to note that damages debts for intentional torts are not dischargeable in bankruptcy. Rudy is still on the hook.
Good.
Holy shit hasn't even paid his taxes for three years.
Fuck this guy, if I don't pay my taxes for one year I get love letters from the IRS.
Just a PSA for any that might find it useful: Talk to the IRS if you have any issues like this (not filing, under-withholding, etc.)! I know someone that had thousands of dollars in fees waived by simply writing a letter (like 3 sentences). Basically got a response that said "All these fees are waived. Just don't do it again."
Scummy? Yes. Predictable? Also yes.
Fun. Now do Trump.
If student loans don’t get discharged by bankrupcy, why TF should any of his debts?
It won't.
The former mayor's decision to pursue bankruptcy protection temporarily stalls the effort to collect his $148 million defamation judgment, according to Georgetown Law School professor Adam Levitin.
This is a delaying tactic by the shitstain. But generally court judgements can't be discharged through bankruptcy.
It's literally been well over a year since Jones and his companies went through bankruptcy, and only recently are we getting a ruling that he can't use that to avoid paying them out.
He's literally bargained it down to $85 million and he's been non-stop still a giant piece of shit peddling conspiracy and hate the entire time.
No, these motherfuckers need to be stopped in their fucking tracks.
Stop giving me this "the system moves slowly bullshit" because I've been arrested on bullshit charges. If you're just some schmuck with no money it moves fast as living fuck. The entire god damned justice system was built and predicated on the person with the most money can stall the longest. It's not fair to hand out endless appeals only to people who can fucking afford them and tell everyone else to go fuck themselves because they can't afford a lawyer.
The system is and always has been fucking broken and we should be fucking rioting over it instead of papering over the cracks talking like "there will be justice any day now!"
Jones first defamed the Sandy Hook families in April 2017. We're about to be entering 2024. Seven fucking years doesn't seem like it has affected him much at all.
He's already committing fraud and hiding assets. Convert him to 7 and scorch the earth.
He's trying to get his assets locked by the bankruptcy trial so they can't be sold off to pay his debt to the Georgia poll workers.
Especially since he probably has plenty in cash stashed domestically and abroad.