Giuliani’s financial struggles have been widely reported as the lawyer has faced unpaid court fees, legal bills and taxes.
Topline
Rudy Giuliani, the cash-strapped former mayor of New York City, filed for chapter 11 bankruptcy Thursday, according to multiple reports, one day after he was ordered to immediately start paying $148 million to two former Georgia election workers who levied a defamation lawsuit against him.Key Facts
Giuliani filed for bankruptcy in the Southern District of New York and listed estimated assets of between $1 million and $10 million and reported $100 million to $500 million of estimated liabilities, according to the filing.
The filing will pause civil litigation Giuliani is involved in and give him time to seek an appeal of the Georgia lawsuit in which he owes $148 million to Ruby Freeman and Wandrea “Shaye” Moss, the defamed Georgia election workers who accused him of promoting a conspiracy theory linking them with election fraud.
Freeman and Moss requested the removal of a 30-day stay on the payouts owed to them, arguing Giuliani was an uncooperative litigant and that there was a risk he’d use the stay to “alienate or dissipate what assets are available to satisfy even a small portion” of the $148 million.
