According to Media Sources, Former New York City Mayor Rudy Giuliani on Thursday filed for bankruptcy in New York’s southern district court. This comes just days after a jury ordered him to pay nearly USD 150 million to two former Georgia election workers for defamation.
As per the filing, Giuliani listed debts between USD 100 million and USD 500 million and assets worth up to USD 10 million. As Per Media Sources, the bankruptcy declaration is another setback for the former New York City mayor, federal prosecutor and one-time front-runner for the Republican presidential nomination, all stemming from his time as Donald Trump’s attorney after the 2020 presidential election.
According to Media Sources, Giuliani lists nearly USD 1 million in unpaid taxes among his liabilities, as well as hundreds of thousands of dollars owed to lawyers and accountants. He also lists pending lawsuits, including three defamation cases over his statements after the 2020 election that haven’t yet gone to trial and could add to his debt if he’s ordered to pay damages in those cases.
As Per Media Sources, Trump ally Rudy Giuliani filed for bankruptcy on Thursday, days after a jury decided he must pay more than $148 million in damages to two former Georgia election workers he defamed by falsely accusing them of helping to rig the 2020 election. Giuliani, who helped Republican former President Donald Trump advance his false claims of a stolen 2020 election, filed the petition in US Bankruptcy Court for the Southern District of New York, court documents showed. In the filing, Giuliani said he had between $100 million and $500 million in liabilities and $1 million to $10 million in assets. According to Media Sources, Giuliani said he owed $148 million to Ruby Freeman and Wandrea Moss, the two former Georgia election workers. According to Media Sources, the filing also listed President Joe Biden’s son, Hunter Biden, as a creditor, without specifying the amount Giuliani owed him. As Per Media Sources, Hunter Biden in September sued Giuliani for violating his privacy over data allegedly taken from his laptop. According to Media Sources, Giuliani listed the Internal Revenue Service and New York State Department of Taxation and finance among his creditors.
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