Giuliani Forced to File Bankruptcy After $146 Million Verdict

A court record shows that Rudy Giuliani, who was Trump’s attorney and a former New York City mayor, filed for bankruptcy on December 21.

Ruby Freeman and Shaye Moss were both involved in the Fulton County election, and less than a week ago, Giuliani was hit with a $146 million defamation verdict in a lawsuit involving them. Following this, Giuliani filed for Chapter 11 bankruptcy, stating that he had obligations between $100 million and $500 million. The original damage award was $148 million, but a federal judge eventually reduced it to $145,969,000.

Legal counsel for the election workers, Michael Gottlieb, confirmed that his client was anticipating this move and stressed that it would do little to absolve Mr. Giuliani of his debt to those two women.

Judge Beryl Howell expressed concern that Giuliani might not comply with the court’s judgment and provide true information about his finances, so she instructed him on Wednesday to pay the two election workers soon.

Giuliani falsely claimed that poll workers were involved in a ballot processing scheme after the 2020 presidential election. The lawyer for Giuliani has now admitted that his client is unable to pay the sums sought by Freeman and Moss.

Not surprisingly, Giuliani’s choice to declare bankruptcy was confirmed by Ted Goodman, the political advisor to the mayor. It was unreasonable to expect Mayor Rudy Giuliani to pay such a large fee, claims Goodman. In his explanation, he made it clear that Chapter 11 allows Mayor Giuliani to appeal his bankruptcy and ensures that all creditors are treated fairly through the open and transparent supervision of the bankruptcy court over his financial problems.

The fortune of Rudy Giuliani, who was previously worth over $50 million, has declined significantly. His assets are now valued at between $1 million and $10 million, according to his bankruptcy filing. His tax liabilities for 2022 and 2021 amount to almost $724,000 according to legal documents, with an additional $265,000 due to the state of New York.