Rudy Giuliani, Donald Trump’s former lawyer, filed for bankruptcy on Thursday. This happened after the court decided that it must pay compensation of $148 million to two female election commission employees whom it accused of committing fraud.
Rudy Giuliani, known as “America’s mayor” for his leadership in New York after the September 11, 2001 attacks, listed debts worth between $100 million and $500 million in his bankruptcy petition filed in a New York court, Reuters reports. The list included $148 million in damages awarded last week by a federal court in Washington for slander against two election commission employees in Atlanta.
The former mayor of New York accused them of rigging the elections. The court originally suspended the execution of the judgment for 30 days, but changed the decision after the slandered women raised concerns that the politician would try to hide his assets.
In the application, Giuliani also listed an “unknown” amount of liabilities towards the manufacturers of voting machines and programs, Smartmatic and Dominion, which sued him for spreading theories about their involvement in alleged election fraud. Additionally, he revealed that he was almost $1 million in arrears in taxes. He valued his assets at PLN 10 million.
Former lawyer of Donald Trump
Rudy Giuliani was a central figure in the former US president’s entourage Donald Trump and a team trying to reverse the election he lost. He also faced criminal charges in Georgia for his activities with Trump.
The lawyer filed for bankruptcy under Chapter 11 of the U.S. Bankruptcy Code. This type of bankruptcy allows companies or individuals to restructure their finances under court supervision and at the same time continue their operations.
A spokesman for former New York Mayor Ted Goodman said this type of bankruptcy is intended to give him the opportunity and time to appeal the judgment, while offering financial transparency and “a guarantee that all his creditors will be treated equally and fairly.”
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