Rudy Giuliani files for bankruptcy

America’s Mayor owes hundreds of millions of dollars in liabilities, according to the filing.

Former New York Mayor Rudy Giuliani has filed for chapter 11 bankruptcy just days after he was ordered to pay $148 million in damages to two Georgia election workers. 

Driving the news: Giuliani’s bankruptcy filing states that he has between $100 million and $500 million in liabilities and $1 million to $10 million in assets.


  • The bankruptcy filing will allow Giuliani to appeal the $148 million penalty and ensure fair treatment of other creditors, a Giuliani spokesperson told Reuters. 
  • While bankruptcy filings allow people to wipe away their debts, judges have previously ruled that defamation penalties cannot be discharged if a debtor engaged in “willful and malicious” conduct. 
  • Giuliani listed Hunter Biden and a former employee as creditors, both of whom have sued him for different reasons.
  • Giuliani also owes nearly $1 million to the US and New York state governments and nearly $2 million in legal fees.
  • Bankruptcy proceedings will likely pause all pending lawsuits against Giuliani.
  • Giuliani is facing criminal charges in Georgia related to election subversion, along with former President Donald Trump and other co-defendants.

What they’re saying: “No person could have reasonably believed that Mayor Rudy Giuliani would be able to pay such a high punitive amount,” spokesperson Ted Goodman told Reuters.

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