Donald Trump’s former attorney Rudy Giuliani has filed for bankruptcy in new York after he was ordered to pay two Georgia election workers $148 million for defaming them.
Giuliani filed for Chapter 11 bankruptcy in New York and lists between $1 million and $10 million in assets and between $100 million and $500 million in liabilities, according to the 24-page petition filed in U.S. Bankruptcy Court for the Southern District of New York.
Most of Giuliani’s debts are as result of spreading false claims of election fraud about the 2020 presidential election. Giuliani also lists debts from various lawsuits he has incurred from Hunter Biden and voting machine companies Smartmatic and Dominion.
Guiliani’s filing comes one day after a judge ordered that he immediately pay the $146 million in damages he owes for defaming two Georgia election workers–Ruby Freeman and Shaye Moss. The initially sum was $148 million but was later reduced by $2 million.
“The filing should be a surprise to no one. No person could have reasonably believed that Mayor Rudy Giuliani would be able to pay such a high punitive amount,” Giuliani’s advisor Ted Goodman said in a 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,” he added.