Giuliani Reaches Bankruptcy Dismissal Deal to Pay Legal Fees

Rudolph Giuliani has agreed to pay $100,000 in cash and use proceeds from future sales of his multimillion-dollar homes to satisfy administrative bankruptcy fees and formally end his Chapter 11 case.

Giuliani and his largest creditors said Wednesday that they reached a deal stipulating terms of how the cash-strapped former New York City mayor will leave bankruptcy. The agreement puts to rest the possibility that Giuliani would be forced to answer questions in bankruptcy court about his financial circumstances.

Although Judge Sean H. Lane of the US Bankruptcy Court for the Southern District of New York ruled three weeks ago ...