(by Gage Skidmore via Wikimedia)
Rudy Giuliani declared bankruptcy at the end of last year after he racked up debts between $100 million and $500 million, while only having a paltry $10 million in assets. But it might get worse.
That’s because the committee appointed to represent Giuliani’s unsecured creditors is looking into collecting on the $20,000 a day the former mayor of NYC claimed to be making. The committee is investigating whether there is a cause of action against former president Donald Trump for ~$2 million in legal fees for work done on Trump’s 2020 campaign, and you know, all the unpleasantness that came after. Though Giuliani has insisted the fees are owed by the Trump campaign and the Republican National Committee, in a court filing, he admitted there’s a “possible claim for unpaid legal fees against Donald J. Trump.”
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As reported by Bloomberg Law, creditors forcing the issue is pretty much the only way going after Trump, personally, happens:
It’s unlikely that Giuliani would be willing to bring a legal action directly against Trump without being compelled, former Giuliani associate Lev Parnas said in an interview with Bloomberg Law.
“I don’t think he’ll go and sue Trump unless he’s forced to,” said Parnas. “If he loses the MAGA crowd that supports him and Trump, he has no way of making money.”
And keeping the MAGA folks happy is key for Giuliani — who else is going to buy those Cameos?
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Kathryn Rubino is a Senior Editor at Above the Law, host of The Jabot podcast, and co-host of Thinking Like A Lawyer. AtL tipsters are the best, so please connect with her. Feel free to email her with any tips, questions, or comments and follow her on Twitter @Kathryn1 or Mastodon @[email protected].