Giuliani files for bankruptcy after $148 million judgment
By Hannah Rabinowitz | CNN
Rudy Giuliani filed for bankruptcy in federal court in New York on Thursday, just days after a jury ordered him to pay nearly $150 million to two former Georgia election workers for defamation.
According to the filing, Giuliani listed debts between $100 million and $500 million, and assets worth up to $10 million.
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.
“The filing should be a surprise to no one,” Giuliani political adviser Ted Goodman said Thursday. “No person could have reasonably believed that Mayor Rudy Giuliani would be able to pay such a high punitive amount. Chapter 11 will afford Mayor Giuliani the opportunity and time to pursue an appeal, while providing transparency for his finances under the supervision of the bankruptcy court, to ensure all creditors are treated equally and fairly throughout the process.”
It comes a day after the federal judge who oversaw the blockbuster defamation case said the two plaintiffs – Ruby Freeman and Shaye Moss – can begin trying to collect from Giuliani immediately.
US District Judge Beryl Howell said in her order Wednesday that Giuliani had escaped revealing his worth by refusing to turn over evidence he had in the case before trial, never acknowledged previous court orders for him to reimburse the women for his attorneys’ fee and repeatedly claimed he’s broke and the verdict would severely hurt him.
This story is breaking and will be updated.