
Donald Trump’s former lawyer Rudy Giuliani filed for bankruptcy in New York on Thursday, citing debts that include a recent civil judgment against him for nearly $150 million for defaming campaign workers from Georgia while he was representing former President Donald Trump. Trump, reports CNBC.
The lawsuit by Rudy Giuliani, who is also the mayor of New York, comes a day after a federal judge in Washington, D.C., ordered him to begin paying two election workers damages he is owed in their lawsuit against him, the News reported. ro. .
According to Giuliani’s Chapter 11 bankruptcy filing, he has between $1 million and $10 million in assets and between $100 million and $500 million in liabilities.
His bankruptcy attorneys said, “Filing for bankruptcy should not come as a surprise to anyone. “Nobody could have believed that Mayor Giuliani would be able to pay that much” in the defamation case, said attorneys Heath Berger and Gary Fischoff.
“Chapter 11 will give Mayor Giuliani the opportunity and time to file an appeal, while ensuring transparency of his finances under the supervision of the bankruptcy court to ensure that all creditors are treated equally and fairly throughout the process,” the lawyers said.
Source: Hot News

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