Key takeaways:
- Rudy Giuliani filed for Chapter 11 bankruptcy in New York after being ordered to pay $148 million in damages to two former Georgia election workers.
- Giuliani’s bankruptcy filing estimates his liabilities to be between $100,000,001 and $500 million, and his assets to be between $1 million and $10 million.
- The bankruptcy filing is the latest development in Giuliani’s legal troubles, and it remains to be seen how this filing will affect his future and his ability to pay the $148 million in damages.
Rudy Giuliani, the former mayor of New York City and attorney for former President Donald Trump, filed for Chapter 11 bankruptcy in New York on Thursday. This filing comes after a jury in Washington, D.C. ordered Giuliani to pay $148 million in damages to two former Georgia election workers, Ruby Freeman and Shaye Moss.
The two former election workers sued Giuliani for defamation after he made false claims about their involvement in the 2020 presidential election. The jury found Giuliani liable for his false statements and ordered him to pay $148 million in damages. The court also ordered Giuliani to immediately pay $146 million to Freeman and Moss.
Giuliani’s bankruptcy filing estimates his liabilities to be between $100,000,001 and $500 million. The filing also states that Giuliani has assets of between $1 million and $10 million.
The bankruptcy filing is a result of Giuliani’s attempt to overturn the results of the 2020 presidential election, which was ultimately unsuccessful. Giuliani’s filing for bankruptcy is a stark contrast to his once-respected status as mayor of New York City.
The bankruptcy filing is the latest development in Giuliani’s legal troubles. It remains to be seen how this filing will affect Giuliani’s future and his ability to pay the $148 million in damages to Freeman and Moss.
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