According to Reuters Regal, federal judge allowed Tom Girardi to stay in Pasadena’s mansion.
At a hearing on Tuesday, U.S. bankruptcy judge Barry Russell said the deal between Girardi’s brother Robert Girardi and trustee Jason Land was “quite frank.” Said it was.
At some point during the proceedings, the judge questioned whether Girardi’s wife, star and singer Erika Jayne of “The Real Housewife in Beverly Hills,” knew about bankruptcy proceedings. He also wondered what the contents of the mansion would be.
Tom Girardi and his law firm Girardi Keith have settled a $ 2 million settlement where Chicago-based plaintiff company Edelson PC was supposed to be sent to victims of the crash of Lion Air 610. Bankruptcy for mishandling money.
The assets of Girardi and his company were frozen by a federal judge in Chicago at the end of last year. A group of former Girardi business associates claimed that the company owe millions of dollars, driving lawyers and his company into unwilling bankruptcy.
Girardi’s lawyer claims that since December he has suffered from mental decline and is unable to cope with his growing financial and legal concerns. In a filing on January 13, Robert Girardi said his brother couldn’t understand what was happening to him and his company.
The deal, which closed on Tuesday, will give Tom Girardi 20 days to surrender his mansion after entering escrow, according to Reuters Legal. According to Leonard Pena, a lawyer for Pena & Soma on behalf of Robert Girardi, the mansion is too expensive for the plaintiff’s lawyer to maintain.
“There is no way for debtors to service this real estate mortgage,” Pena said at a hearing on Tuesday. “He plans to move, but obviously we didn’t want it to happen overnight.”
The $ 15 million mansion is reportedly 10,277 square feet and has four bedrooms and six full bathrooms, Reuters Legal reported from an online real estate list.
Yu said he sent an email to Mastan that the couple’s common property in the mansion now belongs to the trustee.
Mastan, Pena, and Yu did not respond to Reuters’ request for comment.
As part of the contract, Tom Girardi and his brothers will have to “clean up” the mansion and pay for utilities. Communication with potential buyers is also prohibited.
A federal judge allows disputed lawyers to live in Pasadena’s mansion while the trustee moves to sell Pasadena’s mansion – Pasadena now
Source link A federal judge allows disputed lawyers to live in Pasadena’s mansion while the trustee moves to sell Pasadena’s mansion – Pasadena now