Politics

Former NYC Mayor Rudy Giuliani Declares Bankruptcy Following $148 Million Defamation Verdict

<p>After being ordered to pay &dollar;148 million for defaming election workers&comma; <strong>Rudy Giuliani<&sol;strong> has filed for Chapter 11 bankruptcy in New York&period;<&sol;p>&NewLine;<p>The ex-Mayor of New York City presented a filing in the US Bankruptcy Court of the Southern District of New York on Thursday &lpar;December 21&rpar;&comma; per court records obtained by the <a href&equals;"https&colon;&sol;&sol;www&period;npr&period;org&sol;2023&sol;12&sol;21&sol;1220557358&sol;rudy-giuliani-election-workers-lawsuit" target&equals;"&lowbar;blank" rel&equals;"noopener">NPR<&sol;a>&period; He calculated the range of his estimated liabilities to be &dollar;100&comma;000&comma;001 to &dollar;500 million&period;<&sol;p>&NewLine;<p><amp-instagram data-shortcode&equals;"C1IGIQOuAQy" layout&equals;"responsive" width&equals;"600" height&equals;"600" data-captioned><&sol;amp-instagram><&sol;p>&NewLine;<h3 style&equals;"text-align&colon; center&semi;">Rudy Giuliani Ordered To Pay &dollar;148 Million<&sol;h3>&NewLine;<p>On Friday &lpar;December 15&rpar;&comma; a jury declared that he must pay two Fulton County election workers&comma;<strong> Ruby Freeman<&sol;strong> and <strong>Shaye Moss<&sol;strong>&comma; nearly &dollar; 150 million in damages for alleging their interference with the 2020 presidential election in Georgia&period;<&sol;p>&NewLine;<p>A federal judge mandated on Wednesday that Giuliani must pay the election workers without delay&comma; so he would not be able to conceal any of his personal financial resources&period;<&sol;p>&NewLine;<p>A spokesperson for Giuliani&comma; <strong>Ted Goodman<&sol;strong>&comma; declared that the bankruptcy filing would provide a window of opportunity to appeal the defamation judgment&period; As Goodman noted&comma; it would have been unreasonable for anyone to think that his client would be able to come up the money&period;<&sol;p>&NewLine;<p>&&num;8220&semi;No person could have reasonably believed that Mayor Rudy Giuliani would be able to pay such a high punitive amount&comma;&&num;8221&semi; Goodman said in a statement&comma; per <a href&equals;"https&colon;&sol;&sol;www&period;reuters&period;com&sol;legal&sol;giuliani-seeks-bankruptcy-after-148-mln-judgment-defamation-case-filing-2023-12-21&sol;" target&equals;"&lowbar;blank" rel&equals;"noopener">Reuters<&sol;a>&period;<&sol;p>&NewLine;<p><amp-twitter data-tweetid&equals;"1737893486089633900" layout&equals;"responsive" width&equals;"600" height&equals;"480"><&sol;amp-twitter><&sol;p>&NewLine;<h3 style&equals;"text-align&colon; center&semi;">Filing For Bankruptcy Won&&num;8217&semi;t Erase His Debt<&sol;h3>&NewLine;<p><strong>Joe Sibley<&sol;strong>&comma; the lawyer for Giuliani&comma; informed the jury last week that the amount of compensation Freeman and his daughter Moss demanded is as severe as a civil punishment can be&period;<&sol;p>&NewLine;<p>It is unlikely that Giuliani&&num;8217&semi;s bankruptcy petition will erase the &dollar; 48 million debt he owes to the polling staff since bankruptcy regulations do not allow erasing debts from &&num;8220&semi;willful and malicious injury&&num;8221&semi; against others&comma; according to the Washington Post&period;<&sol;p>&NewLine;<p>Michael Gottlieb&comma; the attorney of the two election workers&comma; said that this plan was not surprising and it would not clear Giuliani&&num;8217&semi;s obligation to pay Freeman and Moss&period;<&sol;p>&NewLine;<p><amp-instagram data-shortcode&equals;"C05FXezPVRE" layout&equals;"responsive" width&equals;"600" height&equals;"600" data-captioned><&sol;amp-instagram><&sol;p>&NewLine;<p>At one point in time&comma; Giuliani had a high reputation&comma; known as &&num;8220&semi;America&&num;8217&semi;s mayor&comma;&&num;8221&semi; and his assets totaled more than &dollar; 50 million&comma; per <a href&equals;"https&colon;&sol;&sol;www&period;cbsnews&period;com&sol;news&sol;rudy-giuliani-net-worth&sol;" target&equals;"&lowbar;blank" rel&equals;"noopener">BBC News<&sol;a>&period; However&comma; his promotion of Trump&&num;8217&semi;s allegations of election fraud initiated a series of unfortunate events&period; This included financial difficulties&comma; criminal accusations&comma; and&comma; of course&comma; his hefty legal expenses&period;<&sol;p>&NewLine;<p>It was just in September when<strong> Donald Trump<&sol;strong> held a fundraiser at his Bedminster&comma; New Jersey golf club to support his former legal advisor amid his rising legal expenses in the defamation case&period;<&sol;p>&NewLine;<h5 style&equals;"text-align&colon; center&semi;"><strong>RELATED&colon; <a href&equals;"https&colon;&sol;&sol;dev&period;theshaderoom&period;com&sol;nyc-mayor-eric-adams-says-rudy-giuliani-should-be-investigated-for-reporting-a-false-crime-after-claiming-to-be-while-video-showed-he-was-tapped-on-his-back&sol;" target&equals;"&lowbar;blank" rel&equals;"noopener">NYC Mayor Eric Adams Says Rudy Giuliani Should Be Investigated For Reporting A False Crime After Claiming To Be Assaulted While Video Showed He Was Tapped On His Back <&sol;a><&sol;strong><&sol;h5>&NewLine; <div class&equals;"wpra-reactions-wrap wpra-plugin-container" style&equals;"justify-content&colon; 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Maurice Cassidy

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