Rudy Giuliani just officially declared he is bankrupt in the face of mounting legal debts that are imperiling his financial standing.
Just one day after a federal judge ordered that he must expedite the nearly $150 million payment in damages to former Georgia election workers Ruby Freeman and Shaye Moss, the former New York City mayor and Trump attorney filed for Chapter 11 bankruptcy.
Documents show Giuliani listed nearly $500 million in debts, including that $148 million payout he owes the two women, The Washington Post reported. Also included in that paperwork were “unknown” amounts of debt to election technology companies Smartmatic and Dominion Voting Systems, which targeted Giuliani in their defamation lawsuits about the 2020 presidential election. He listed his assets at around $10 million.
“The filing should be a surprise to no one,” Ted Goodman, a spokesman for Giuliani, said in a statement. “No person could have reasonably believed that Mayor Rudy Giuliani would be able to pay such a high punitive amount.”
This comes swiftly after Judge Beryl Howell just granted Freeman’s and Moss’s request that Giuliani must immediately pay what they’re owed without delay. What this meant was that the women didn’t have to wait the standard 30 days to begin trying to seize Giuliani’s assets. The mother-daughter pair were concerned Giuliani might “find a way to dissipate [his] assets” to avoid shelling out the damages.
Howell agreed that Giuliani’s record as an “unwilling and uncooperative litigant” is a “good cause” to believe he might attempt to dissolve his finances during this time.
It’s unclear at this time how Giuliani’s bankruptcy filing will impact the payout he owes Freeman and Moss and how the women will be paid. However, his spokesman said the filling gives Giuliani “the opportunity and time to pursue an appeal, while providing transparency for his finances under the supervision of the…
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