According to a new report, Tom Girardi’s law firm owes over $101 million in debt.
Girardi Keese’s Chapter 7 bankruptcy case discovered the firm has more than $101 million in total liabilities, according to documents obtained by People.
Girardi’s $4.1 million in personal property was listed as an asset. The $25 million given he moved into estranged wife Erika Jayne’s company, EJ Global LLC, were also included as a debt.
On the show, Erika has tried to blame Girardi’s shady business ways on a car crash which led to poor health. “I think what has happened to Tom here is that he’s not mentally capable, and he’s in sole control of his firm. And I think that it got away from him,” she said.
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“I think that we’re dealing with a man who is [at a] diminished capacity in control, and not doing the right thing. Because if he stole the money, I’d like to know where it is. You know, that’s the truth.”
A LA Times reporter investigated the crash and found no evidence it ever happened.