Rudy Giuliani Makes Last-Ditch Deal to End Bankruptcy Case
Rudy Giuliani agreed Wednesday to a deal that will see him fork over $100,000 in cash and earmark the profits from the future sale of two multimillion-dollar properties to satisfy outstanding administrative fees from his drawn-out bankruptcy case.
The agreement will see him avoid being forced to testify under oath about his murky finances after the federal judge who threw his case out earlier this month threatened to reverse his decision earlier this week. U.S. Bankruptcy Judge Sean Lane warned Giuliani that he and his creditors had until noon Wednesday to let the court know how they planned to settle his debt, which amounts to around $400,000.
The agreement, to which Lane still has to give the green light, was filed less than three hours before that deadline, according to the Associated Press.