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Tom Girardi’s law firm, Girardi Keese, is more than $100 million in debt.
According to legal docs obtained by Fox News, the business once run by the estranged husband of “Real Housewives of Beverly Hills” star Erika Jayne, is in serious financial crisis.
The trustee who performed the probe into the firm’s bankruptcy said “the debtor’s accounting offices were not well maintained” and that “much of what the trustee found upon her appointment was very dated.”
In the docs, personal property is listed as being worth $4.1 million. The docs also included the firm’s various banking accounts and the $25 million given to the entertainment company, EJ Global LLC, owned by Jayne.
Additionally, the docs clarify that the trustee might “not have listed all of the debtor’s causes of action or potential causes of action against third-parties as assets” and the “actual total may be different than the listed total.”
Tom Girardi and Erika Jayne are in the midst of a divorce and currently involved in a number of lawsuits.
After filing for Chapter 7 bankruptcy, the firm began liquidating its assets amid the mounting case against the reality TV couple who have been accused of embezzling funds designated for victims of the 2018 Lion Air plane crash after Girardi represented the plaintiffs in a class-action suit against the airline.
One month after Jayne filed for divorce, Girardi was accused of embezzling $2 million from plane crash victims and the couple’s assets were subsequently frozen.
Girardi, 82, and Jayne, 50, have been accused of divorcing to protect their money and assets.
Tom Girardi (L) and estranged wife Erika Jayne (R) filming "The Real Housewives of Beverly Hills."
(Isabella Vosmikova/Bravo/NBCU Photo Bank via Getty Images)
The “Pretty Mess” has been very guarded about sharing information about her divorce and legal woes on the Bravo show but did divulge slightly on a recent episode.
“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,” Jayne told her castmates.
“I think that we’re dealing with a man who is [at a] diminished capacity in control, and not doing the right thing,” she reasoned. “Because if he stole the money, I’d like to know where it is. You know, that’s the truth.”
Girardi had been plagued with health issues, including an Alzheimer’s and early Dementia diagnosis, that ultimately led to the once-esteemed litigator losing his law license in March. Girardi’s family has claimed Girardi is also suffering from memory loss due to his age.
Fox News’ Julius Young contributed to this report.
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