Consumer Law

Rudy Giuliani Files for Bankruptcy After Being Forced to Pay $148 Million in a Defamation Case

Rudy Giuliani filed for bankruptcy on Thursday, acknowledging severe financial strain exacerbated by his pursuit of former President Donald Trump’s lies about the 2020 election and a jury’s verdict last week requiring him to pay $148 million to two former Georgia election workers he defamed.

The former New York City mayor listed nearly $153 million in existing or potential debts, including almost $1 million in state and federal tax liabilities, money he owes lawyers, and many millions of dollars in potential judgments in lawsuits against him. He estimated he had assets worth $1 million to $10 million.

Giuliani had been teetering on the brink of financial ruin for several years, but the eye-popping damages award to former election workers Ruby Freeman and Wandrea “Shaye” Moss pushed him over the edge. The women said Giuliani’s targeting of them after Republican Trump narrowly lost Georgia to Democrat Joe Biden led to death threats that made them fear for their lives.

Read the source article at AP News

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