There might be a problem with the heroines of democracy getting paid -
They have already been paid in a settlement with their successful lawsuit with OAN. The settlement terms are private.
the IRS. Giuliani owes them $550K. The Feds are always first in line and also have a lien on his Palm Beach penthouse, so that asset will be tied up until all taxes are paid.
That is easy. When the judgement is attached, steps can be taken for the property to be seized from Giuliani and sold. The IRS portion will come off the top and the remainder or most of the remainder will go to the plaintiffs and toward their legal costs in liquidating this asset. This is not an instant solution but the IRS lien is not a barrier to the asset being seized and liquidated.
Then there's all of his other creditors that have considerable owed to them, so they'll be fighting for the scraps of his money and assets as well. The ladies from GA will likely never see a dime from Giuliani.
You are correct about the other creditors, but many of them are in court. The ladies from GA have a judgement they can attach to Giuliani's assets now. I don't know much about bankruptcy laws and creditor situations like this, but I tend to think that the creditors who have judgements are in line ahead of those who do not. Judgements are immediately enforceable.
I think they will see a dime from Giuliani, and maybe a bit more. With their judgement in hand, they can garnish his earnings and he is said to be earning $400,000 from his radio show. I have no details but I heard he recently signed a new contract with a media outlet. If so, that too can be garnished.
Will they collect $148 million, or even $1 million, from Giuliani? I don't know, but for me, that's not the point. These ladies were vindicated and Giuliani is receiving his retribution. That is as it should be. They knew Giuliani may have been broke when they started their lawsuit, but they persisted. Had this been only about the money for them, they may not have sued.
Finally, we do not know for sure Giuliani is broke. People are saying he is, but to date, he has yet to fully disclose his finances in any credible way, even when ordered by a court to do so.
On TV this weekend, the ladies' attorney was asked directly in an interview if they will next sue Trump for defamatory acts he committed. I had the very same question. The attorney gave an evasive non-answer. They may not get much from Giuliani, but they are in a position where they could potentially get a fair amount from Trump. There is no public movement in that direction yet, but it is a possibility.
Here's another interesting fact: if they ever do collect anything they'll have to pay taxes on it as ordinary income, including the fees their attorneys take.
That's correct, but they'd still be money ahead. And unlike tax deadbeat Giuliani, they would be good citizens and pay their taxes.
On the other hand, Rudy will be able to deduct the entire amount he pays to them from his taxes. How's that for everyone paying their "fair share"?
I don't know what the applicable tax laws have to do with "fair share" in this case. If Giuliani can pay and if he claims a tax deduction for doing so, it means first and foremost the ladies got paid. And if he claims a big deduction to offset other income, he must state that income on his tax return, thereby disclosing it to the ladies, who will no doubt receive a copy of it by court order.
Behind your comments, there seems to be an eagerness to see the ladies profit little from the massive jury award. I'm sure there are a lot of people who feel the same way. Again, for me, the big deal not the money. It is the jury's total vindication of these ladies, and the jury's decision to severely punish Giuliani for the severe harm he did.
The ladies may get little money from this judgement, but Giuliani will pay a very high price. The jury made sure of that.