Rudy Giuliani declares bankruptcy after $146 million defamation verdict

According to a court filing, former New York City mayor and Donald Trump attorney Rudy Giuliani filed for bankruptcy on Thursday.

Giuliani declared bankruptcy less than a week after a jury awarded $146 million in damages to Fulton County election workers Ruby Freeman and Shaye Moss, who sued him for defamation. His obligations are estimated to be between $100 million and $500 million. The damage amount was first set at $148 million, but it was later reduced to $145,969,000 by the federal judge presiding over the case.

“This maneuver is unsurprising, and it will not succeed in discharging Mr. Giuliani’s debt to Ruby Freeman and Shaye Moss,” said Michael Gottlieb, a lawyer representing the two women, in a statement.

On Wednesday, Judge Beryl Howell of the United States District Court for the District of Columbia ordered Giuliani to immediately compensate the pair of election workers, expressing worry that he may have been dishonest about his funds and might not comply with the ruling.

In the aftermath of the 2020 presidential election, Giuliani falsely claimed that poll workers engaged in a bogus ballot processing operation. His lawyers recently indicated that his finances were insufficient to pay the compensation sought by Moss and Freeman.

According to Ted Goodman, a political consultant to Giuliani, the bankruptcy filing “should come as no surprise to anyone.”

“No person could have reasonably believed that Mayor Rudy Giuliani would be able to pay such a high punitive amount,” he stated in a prepared statement.

“Chapter 11 will afford Mayor Giuliani the opportunity and time to pursue an appeal, while providing transparency for his finances under the supervision of the bankruptcy court, to ensure all creditors are treated equally and fairly throughout the process.”

Rudy Giuliani declares bankruptcy after $146 million defamation verdict

Giuliani fortune

Giuliani’s net worth was formerly reported to be in excess of $50 million, but it has since plummeted. He estimates his assets to be between $1 million and $10 million in the bankruptcy filing.

According to legal records, Giuliani owes the IRS around $724,000 in income tax for 2022 and 2021, as well as an additional $265,000 in income tax to New York state.

Giuliani also lists “unknown” debts to Dominion Voting Systems, which sued him in 2021 over allegations he falsely stated the voting technology company was involved in rigging the 2020 presidential election, and Smartmatic USA, another voting systems company that sued him in a similar case accusing him of defamation.

According to the bankruptcy declaration, Giuliani owes an undefined amount to Hunter Biden, President Biden’s son.

According to the Associated Press, Hunter Biden filed a lawsuit against Giuliani and another lawyer in September, accusing them of inappropriately accessing and sharing his personal information after receiving it from the owner of a Delaware computer repair shop.

To raise funds, he has sold 9/11 shirts for $911 and pitched sandals made by Donald Trump supporter Mike Lindell. He has begun selling video messages on Cameo for $325 each, despite the fact that his website on the site states that Giuliani is no longer accessible.

The monetary penalties sought by Freeman and Moss would be the “civil equivalent of the death penalty,” Giuliani’s attorney Joe Sibley told the jury last week, ahead of the decision ordering him to pay millions of dollars in damages.

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