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Rudy Giuliani files for bankruptcy, lists $500M in debts after $148M loss in election fraud case
Posted
December 21, 2023
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0:49Now PlayingFormer New York City Mayor Rudy Giuliani has filed for bankruptcy in the wake of a $148 million civil court ruling and a mountain of unpaid legal bills.
Giuliani, who was once hailed as “America’s Mayor,” listed debts of up to $500 million with assets of only $10 million in the filing, Bloomberg News reported on Thursday.
Giuliani was ordered to pay two Georgia election workers — Ruby Freeman and Shay Moss — the whopping settlement after a jury ruled that he defamed the pair by falsely accusing them of committing voter fraud in Fulton County during the 2020 election.
The former mayor, one of former President Donald Trump’s staunchest supporters, claimed he didn’t “regret a damn thing” following the verdict, and scoffed at “the absurdity of the number” awarded to the mother and daughter.
His lawyer, Joe Sibley, called the ruling “the civil equivalent of the death penalty” that would “be the end of Mr. Giuliani” if his appeals were to fail.
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