Rudy Giuliani bankruptcy judge allows creditors to hire specialized forensic financial accounting firm

Source: Law & Crime

Apr 20th, 2024, 2:26 pm


A federal bankruptcy judge in New York City will allow a group of creditors to perform an extensive forensic accounting of Rudy Giuliani‘s assets, liabilities, conduct and financial position.

In a Friday order by U.S. Bankruptcy Judge Sean Lane, the Official Committee of Unsecured Creditors was given the go-ahead to hire Global Data Risk LLC as a “specialized forensic financial advisor” for the chapter 11 case initiated by Donald Trump’s erstwhile attorney. Giuliani’s creditors previously made the request in a 32-page application filed in March and a subsequent court hearing held in April.

The three-person creditors group have long harbored concerns about the financial statements filed by the former New York City mayor with the bankruptcy court — and have never been content to take those claims at face value. In January, Giuliani claimed he only had a “net income” of $2,308 per month after over $40,000 in monthly expenses in schedules and a statement of financial affairs.

In the Friday order, Lane determined the hiring of the outside group “is in the best interests of the Debtor’s estate and his unsecured creditors” and overruled any objections previously lodged. The group now has wide latitude to investigate Giuliani’s finances.

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