Giuliani Declares Bankruptcy Following a Massive $148M Verdict

( – After a jury ordered Rudy Giuliani to pay $148 million to a pair of former Georgia election workers for accusing them of fraud, the former New York City mayor filed for bankruptcy just a few days later.

Giuliani filed for Chapter 11 bankruptcy in New York City on Thursday, Dec. 21. The petition filing shows that the former mayor listed between 100 and $500 million in financial liabilities against 1 to $10 million in assets. Giuliani fought for months defending himself against litigation accusing him of trying to help former President Donald Trump overturn the results of the 2020 presidential election.

Last week, after a civil defamation trial that lasted four days, a jury ruled against the former New York City mayor and ordered him to dish out around $148 million to Shaye Moss and Ruby Freeman, two former electron poll workers in Georgia. Giuliani called the number “absurd” and vowed to file an appeal, but the judge finalized the judgment on Wednesday, Dec. 20, and ordered immediate enforcement of the penalty.

A few days after, Giuliani filed for bankruptcy, which would temporarily pause any civil lawsuits he was facing and potential debt collections but can’t be used to discharge any debts accrued from “willful and malicious” conduct. Giuliani, along with Trump and many others indicted alongside him, also faces a criminal court case in Georgia, which will move forward as planned.

One of Giuliani’s political advisors, Ted Goodman, said that no one should be surprised by the filing and that no one “could have reasonably believed” that Giuliani could afford “to pay such a high punitive amount.” Goodman says that Giuliani’s filing will afford him “the opportunity and time to pursue an appeal” in a way that provides “transparency fo his finances” to “ensure all creditors” receive equal and fair treatment “throughout the process.”

The petition shows that, aside from the two women from Georgia (who are owed the most), Giuliani owes nearly 50 other creditors, many of whom are also suing him. One of those creditors is President Joe Biden’s son, Hunter Biden, who pressed charges against Giuliani related to the first son’s notorious laptop, the contents of which Giuliani obtained and turned over to the New York Post in 2020.

Copyright 2023,