Former NYC Mayor Rudy Giuliani files for bankruptcy following a $150 million defamation verdict. The bankruptcy reveals huge debts, as Giuliani faces challenges stemming from his role as Donald Trump’s post-election attorney.
Former New York City Mayor Rudy Giuliani filed for bankruptcy in New York’s southern district court on Thursday, following a recent jury decision that ordered him to pay almost $150 million to two former Georgia election workers for defamation.
Giuliani’s bankruptcy declaration reveals debts ranging between $100 million and $500 million, with assets valued up to $10 million.
According to CNN, this bankruptcy marks another setback for Giuliani, who served as Donald Trump’s attorney after the 2020 presidential election. The former mayor, federal prosecutor, and once a leading contender for the Republican presidential nomination is grappling with the aftermath of his legal battles.
Among Giuliani’s listed liabilities are nearly $1 million in unpaid taxes, along with substantial amounts owed to lawyers and accountants.
