Rudy Giuliani agrees to close bankruptcy case and pay creditors' financial adviser

Former New York City Mayor Rudy Giuliani has agreed to a deal on Wednesday that ends his bankruptcy case and will pay off the financial adviser from his creditors, but the filing still needs to be approved by New York Judge Sean Lane.

Lane dismissed the bankruptcy case earlier this month, after the disbarred New York attorney missed key financial disclosure deadlines. He will now have to pay approximately $400,000 to the financial adviser, according to the Associated Press.

Giuliani is expected to give his lawyers $100,000 for the financial advisors, and then pay the rest by selling either his New York City apartment or his Florida condominium, according to court documents. The apartment is worth an estimated $5.6 million, and the condo is priced at about $3.5 million.

The news comes after Giuliani's attorneys claimed their client did not have the funds to pay off the advisor, which Lane claimed was "troubling." 

“Even assuming that the Debtor does not have the funds on hand to immediately pay these bankruptcy expenses, he certainly has considerable assets upon which he can draw to pay such expenses,” Lane wrote in a July 25 court order.

The dismissal of the case comes after the former New York lawyer fought hard to keep it going, claiming that he still intended to create a reorganization plan to pay off the debts.

The agreement and dismissal of the case now means other cases can now move forward against Giuliani. It also paves the way for two Georgia election workers’ to collect a $148 million defamation judgment. But the amount that the duo collects is expected to be far less than the $148 million judgment.

Misty Severi is an evening news reporter for Just the News. You can follow her on X for more coverage.