Giuliani’s bankruptcy could cost him his apartment, his jewellery and, perhaps worse, his Joe DiMaggio shirt
Disgraced former New York City mayor Rudy Giuliani filed for Chapter 11 bankruptcy in December after being ordered to pay $148m for falsely accusing two poll workers of cheating in the 2020 election.
This week, the former Donald Trump attorney sat for an hours-long deposition behind closed doors in the case, as his creditors seek to recover their money — with his treasure trove of assets revealing how they might be paid.
These assets include an array of goods, including 26 watches, diamond-encrusted Yankees World Series rings, and a replica Joe DiMaggio jersey. The money could even come from a potential lawsuit against Donald Trump.
The man once known as America’s Mayor for his leadership in the wake of the 9/11 terror attacks owes the eye-watering sum to Georgia mother and daughter duo Ruby Freeman and Shaye Moss.
On Monday – the same day he sat for a depostition – a district court judge rejected his bid to have the defamation verdict overturned. His lawyers have now vowed to appeal to the DC Circuit Court.
Beyond the two poll workers, Mr Giuliani could soon owe more money to a variety of individuals and entities as he is plagued by numerous lawsuits. He has until 18 June to file a debt repayment plan.
In January, Mr Giuliani, 79, submitted a summary of his assets, showing what he owns and how he valued his possessions.
Lawyers for the creditors’ committee argue that these assets have been “insufficiently itemized and appear to be undervalued” in court documents.
Despite questions about the accuracy of the filings, his bankruptcy creditors could eventually tap into these assets — even if they are “only a pittance compared to his debts,” Bruce Markell, a professor of bankruptcy law at Northwestern University told The