Giuliani Seeks to Alter Bankruptcy to Speed Asset Sale but Keep Future Income

The former New York mayor and Trump lawyer asked a bankruptcy court to shift from a Chapter 11 filing to a Chapter 7 filing under which his assets would be sold by a trustee.

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Rudolph W. Giuliani has faced accusations from creditors that he has not disclosed all his income or accurately valued his assets.

Rudolph W. Giuliani told a bankruptcy court on Monday that he would like to have his assets sold to pay his creditors, including two Georgia election workers he defamed in his efforts to keep former President Donald J. Trump in office after the 2020 election.

Mr. Giuliani asked the bankruptcy court to convert his case from what is known as Chapter 11 to Chapter 7, which would put an independent trustee in charge of his assets, similar to what the creditors requested.

Mr. Giuliani, who filed for bankruptcy in December, has listed about $11 million in assets, most of which come from two properties he owns in New York and Palm Beach, Fla. In court filings, he has disclosed that he owes about 20 people and businesses about $153 million, including $148 million to the two election workers, Ruby Freeman and Shaye Moss.

After months of absent, late and incomplete filings, lawyers for his creditors recently asked the court to hold the former New York City mayor in contempt and to impose penalties. They have previously expressed concerns that he is hiding income. Last month, they asked the court to appoint an independent trustee to take over Mr. Giuliani’s personal and business finances.

“It’s not going to be fun for him,” said Susan Block-Lieb, a professor at Fordham Law School in New York who teaches bankruptcy law. “Chapter 7, this is not Club Med.”

Since he filed for bankruptcy, Mr. Giuliani, previously Mr. Trump’s personal lawyer, has failed to come up with a plan for a monthly budget and how to pay back his creditors.

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