Rudy Giuliani Claims In Bankruptcy Court His Net Income Is Only $2,308 Per Month After Spending $43,797 On Monthly Expenses

Trump lawyer Rudy Giuliani declared in a federal bankruptcy court filing that his net income is only $2,308 per month after spending $43,797 monthly in expenses.

On February 2, Giuliani’s documents were submitted to the U.S. Bankruptcy Court for the Southern District of New York.

In the filings, the former mayor’s assets are valued at over $10.6 million, including a $5.6 million condominium in New York City and a $3.5 million penthouse in Palm Beach, Florida.

His creditors’ attorney, Philip C. Dublin, asserted relevant transfers had not been disclosed.

Giuliani wants the court to modify the $148 million judgment against him in the defamation lawsuit in December due to his bankruptcy.

Dublin argued that Giuliani had made “significant” overstatements and understatements regarding the worth of his assets.

His expenses include $13,500 in court-ordered payments to his mother-in-law and $5,000 in alimony.

Giuliani listed his transportation expenses as $1,600 and groceries, household items, laundry and personal care products expenses as $1,975 a month.

The former mayor asserted that he pays $10,934 in homeowner’s association and condominium fees for his condo and even $5,166 in fees for his home in Palm Beach.

Additionally, Giuliani spent $60,000 on jewelry, clothing, furniture, three Yankees World Series rings and other personal items. He also purchased a $25,000 Mercedes.

Giuliani’s lawyer, Heath Berger, denied there were unknown transfers and argued that there is “no pot of gold at the end of the day.”

“Whether there’s a pot of gold here remains to be seen,” Dublin said in response to Berger’s statement.

Dublin argued that New York’s former mayor has shares in Uber and owns three incorporated companies, which are valued as “unknown.”

He also wants the court to assign an accounting firm to investigate Giuliani’s claims on behalf of the creditors.

On December 15, a jury in Washington, D.C., ordered former Giuliani to pay two Georgia election workers, Ruby Freeman and Wandrea “Shaye” Moss, $148 million for making false and defamatory claims about them.

After the 2020 election, on behalf of former President Donald Trump, Giuliani claimed Freeman and Moss, who were involved in ballot counting in Fulton County, Georgia, were engaged in election fraud. His claims were widely debunked.

Six days after the jury made this order, Giuliani declared bankruptcy after being ordered to immediately pay a $148 jury judgment to the workers.

This decision was made by Judge Beryl A. Howell, who was concerned that the former lawyer might try to conceal his assets.