56 points

How you have 400k to pay when filing for bankruptcy? Thats more than I’ve ever seen in my life.

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35 points

According to the article, he has some multi-million dollar properties in FL and NY that he’s supposed to liquidate in order to raise the funds.

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32 points

So why couldn’t he liquidate the rest and pay the full amount?

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10 points

The full amout Rudy is on the hook for is ~150 million. He’ll be lucky to get even 5% of that from selling his property.

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14 points

Maybe I dont know the true definition of bankrupt then. But I feel like owning multimillion dollar properties you can borrow against should probably disqualify you. Unless he already did that. Which is possible.

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3 points

IANAL, but as an outside observer the bankruptcy stuff always seemed to me like a bit of a hail Mary/stall tactic, not a legitimate legal remedy that would actual pan out for old Rudy.

This new agreement seems to suggest that the legal system also views it this way.

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0 points

Bankruptcy is owing considerably more than your assets are worth, and having no realistic way of raising enough to pay back what you owe.

A few low multimillion dollar properties doesn’t put much of a dent in what Rudy owes

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26 points

Didn’t think he has that money, and Trump ain’t gonna pay him.

Fuck you, Rudy.

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20 points

Freeman and Moss, meanwhile, are now free to seek enforcement and payment of the $148 million verdict in federal court in Washington, D.C., where they won their case. The bankruptcy had put a hold on collection efforts.

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1 point

I would just borrow 150 million from a bank based on the verdict, and then tell the bank to send the creditors after Rudy to collect

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6 points

Hahaha. ‘pay’

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3 points
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