Rudy Giuliani Has Filed For Bankruptcy Claiming A Staggering Debt Of Over $153 Million
Rudy Giuliani has filed for bankruptcy in New York. The former mayor claimed staggering debts of $153 million. Creditors included two Georgia election workers he defamed. He also owed money to lawyers and Hunter Biden.
It was a stunning turn of events for the man known as ‘America’s Mayor’ in the wake of 9/11.
The former New York Mayor led the effort to challenge the 2020 election result on behalf of Donald Trump. Giuliani’s bankruptcy lawyer filed court documents showing he had less than $10 million in assets.
Last week, acourt ruling in Georgia put Giuliani on the precipice of financial ruin.
A Georgia jury ordered him to pay $148 million in damages to election workers Ruby Freeman and Shaye Moss. Guiliani publicly claimed they tried to rig the vote for Joe Biden.
Rudy Admits To Having Financial Issues
In August, Giuliani admitted having ‘financial problems’ as he battled multiple court cases and said he didn’t have enough money to defend himself.
In the filing, Giuliani said he had between $100 million and $500 million in liabilities and $1 million to $10 million in assets.
The filing also listed Hunter Biden as one of his creditors, without specifying the amount Giuliani owed him.
‘Unknown’ amounts were recorded as being owed to the president’s son. In addition to unknown amounts to voting machine companies Dominion and Smartmatic.
Hunter Biden, Dominion and Smartmatic have all filed lawsuits against Giuliani which are ongoing.
In September, Hunter Biden sued Giuliani, accusing the former mayor of violating his privacy over data allegedly taken from his infamous laptop.
Giuliani also listed owing at least $700,000 to the Internal Revenue Service and more than $260,000 to the New York State Department of Taxation and Finance.
The lawyers said Chapter 11 bankruptcy would afford Mayor Giuliani the opportunity and time to pursue an appeal, while providing transparency for his finances.’
It would ‘ensure all creditors are treated equally and fairly throughout the process,’ they said.