Usually they transfer the ownership of the debt, same way your bank might sell your mortgage to another bank. I doubt they’d let it pass through his account, else he or some other unscrupulous actor might mess with the transfer.
I also don’t think it counts as income for Giuliani, since he never actually collects on the debt.
Usually they transfer the ownership of the debt, same way your bank might sell your mortgage to another bank. I doubt they’d let it pass through his account, else he or some other unscrupulous actor might mess with the transfer.
I also don’t think it counts as income for Giuliani, since he never actually collects on the debt.
Yeah. I’m not sure
I tried to search for the answer, but all the results are about tax implications for receiving a settlement.