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Rudy Giuliani's bankruptcy case was thrown out. Here are some key things to know

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Rudy Giuliani's bankruptcy case was thrown out. Here are some key things to know
News

News

Rudy Giuliani's bankruptcy case was thrown out. Here are some key things to know

2024-07-14 02:12 Last Updated At:02:20

NEW YORK (AP) — A federal judge threw out the bankruptcy case of former New York Mayor Rudy Giuliani on Friday. He cited repeated “uncooperative conduct,” including a failure to comply with court orders and disclose sources of income.

While Giuliani's creditors can now pursue other legal remedies, such as seizing his apartments and other assets, the judge's decision also allows the former prosecutor and longtime ally of former President Donald Trump to now try to appeal a massive $148 million defamation verdict.

Here are some details of the bankruptcy case:

U.S. Bankruptcy Judge Sean Lane had sharp criticism for Giuliani, calling him a “recalcitrant debtor” who thumbed his nose at the bankruptcy process to shield himself from the defamation judgment and other debts.

“Transparency into Mr. Giuliani's finances has proven to be an elusive goal,” Lane wrote in his decision, adding how he “sees no evidence that this will change.”

Lane expressed concern Giuliani funneled his income into companies he owned and never reported any income from those entities. He also failed to disclose he is pitching his own “Rudy's Coffee” brand and didn't immediately disclose a book contract.

Not at first. Giuliani filed for bankruptcy last December, days after a jury awarded the eye-popping judgement to two former Georgia election workers who said he spread lies about them in 2020 and upended their lives with racist threats and harassment. The bankruptcy filing had frozen collection of that debt.

Giuliani's lawyers this month sought to have a trustee sell off his assets, but they changed their minds and on Wednesday pushed for the case to be dismissed. Giuliani's spokesperson said he expects the former U.S. attorney will ultimately be “totally vindicated" in court.

Now that the case has been tossed out, Giuliani is no longer protected from creditors, including judgments, collection actions, foreclosures and repossessions, because of an automatic stay granted under federal bankruptcy law. That means his creditors can try to recoup at least some of the money he owes by various means, such as getting a court order to seize his assets.

It also means the two election workers can return to the court and seek enforcement of their judgment. Their lead bankruptcy attorney said in a statement on Friday they plan to “move forward as quickly as possible.” Giuliani is now free to appeal the defamation verdict.

When Giuliani filed for bankruptcy, he listed nearly $153 million in existing or potential debts. That included nearly $1 million in state and federal tax liabilities, money he owes lawyers and millions more in potential judgements in lawsuits against him. He estimated at the time he had assets worth $1 million to $10 million.

In his most recent financial filing in the bankruptcy case, he said he had about $94,000 in cash at the end of May and his company, Guiliani Communications, had about $237,000 in the bank. He has been drawing down on a retirement account, worth nearly $2.5 million in 2022. It had just over $1 million in May.

FILE - Rudy Giuliani speaks during a news conference outside federal court in Washington, Dec. 15, 2023. On Friday, July 12, 2024, a federal judge threw out the bankruptcy case of the former New York mayor, citing repeated “uncooperative conduct,” including a failure to comply with court orders and disclose sources of income. (AP Photo/Jose Luis Magana, File)

FILE - Rudy Giuliani speaks during a news conference outside federal court in Washington, Dec. 15, 2023. On Friday, July 12, 2024, a federal judge threw out the bankruptcy case of the former New York mayor, citing repeated “uncooperative conduct,” including a failure to comply with court orders and disclose sources of income. (AP Photo/Jose Luis Magana, File)

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Japan ends 'megaquake' special caution week after finding no immediate risk

2024-08-15 20:47 Last Updated At:20:50

TOKYO (AP) — Japan’s government Thursday ended a weeklong information campaign urging caution and preparedness for a possible “megaquake” — an earthquake of magnitude 8 strength or higher — striking the Pacific coast. The announcement came after no abnormal seismic activity was detected during the past week.

Still, officials urged people not to let their guards down.

The Japan Meteorological Agency issued the country’s first-ever “megaquake advisory” on Aug. 8, hours after a magnitude 7.1 earthquake struck off southwestern Japan. That quake happened on the westernmost edge of a disaster-prone undersea trench called the Nankai Trough, and the meteorological agency said the risk of another big one hitting somewhere along the trough was higher than normal.

The government, in response, designated the past week as a period of “special caution” and preparedness in the region along the trough, calling on residents to be prepared to flee immediately.

A Cabinet Office disaster response official, Tsukasa Morikubo, announced the end of the caution period as of Thursday evening, noting that seismologists detected no abnormal seismic activity around the Nankai Trough in the past week.

The end of the special caution period does not mean there is no risk of a megaquake, said Morikubo, urging people to keep up their usual earthquake preparedness. “A next major one can hit anytime, anywhere,” Morikubo said.

The government last week called on more than 700 municipalities in 29 of the 47 Japanese prefectures to review their preparedness and evacuation plans in response to the Aug. 8 advisory.

The advisory led to widespread confusion and fear even in a country where people are used to moderate temblors and affected travel plans during Japan’s mid-August holiday week. Many rushed to stock up on emergency food and goods even in the capital region outside of the at-risk area.

Some coastal towns closed their beaches or canceled annual fireworks, and train operators serving the area have reduced speed.

Disaster management officials at the Cabinet Office said the decision whether to continue voluntary measures taken during the week is up to municipalities, transportation services and other businesses.

There is a 70 to 80% chance of a magnitude 8 or 9 quake associated with the Nankai Trough within the next 30 years, seismologists say, but its location or a timeframe are unknown.

The Nankai Trough, an undersea trench spanning about 800 kilometers (500 miles) along most of the southern half of Japan’s Pacific coast, has repeatedly caused devastating quakes and tsunamis.

A monitor shows a message that Japan's government announced the end of its weeklong drive for increased caution and preparedness for a possible megaquake striking the Pacific coast, in Osaka, western Japan Thursday, Aug. 15, 2024. (Kyodo News via AP)

A monitor shows a message that Japan's government announced the end of its weeklong drive for increased caution and preparedness for a possible megaquake striking the Pacific coast, in Osaka, western Japan Thursday, Aug. 15, 2024. (Kyodo News via AP)

Officials from Japan Meteorological Agency and cabinet office attend a press conference to anounce the end of its weeklong drive for increased caution and preparedness for a possible megaquake striking the Pacific coast, at the agency's office in Tokyo Thursday, Aug. 15, 2024. (Kyodo News via AP)

Officials from Japan Meteorological Agency and cabinet office attend a press conference to anounce the end of its weeklong drive for increased caution and preparedness for a possible megaquake striking the Pacific coast, at the agency's office in Tokyo Thursday, Aug. 15, 2024. (Kyodo News via AP)

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