Rudy Giuliani's Bankruptcy Filing Reveals Over $100 Million in Debts

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Source: CNBC
Rudy Giuliani's Bankruptcy Filing Reveals Over $100 Million in Debts
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TL;DR Summary

Former Trump lawyer Rudy Giuliani has filed for Chapter 11 bankruptcy protection in New York, listing over $100 million in debts. This includes a $146 million defamation judgment for defaming two Georgia election workers while representing Donald Trump. The bankruptcy filing temporarily pauses the defamation judgment. Giuliani's estimated assets range from $1 million to $10 million, while his liabilities are estimated between $100 million and $500 million. He also owes nearly $1 million in unpaid taxes and has debts to various law firms. The list of nonsecured creditors includes Dominion and Smartmatic election machine companies, Hunter Biden, and a former Giuliani employee. Giuliani's bankruptcy lawyers stated that the filing will allow him to pursue an appeal and ensure fair treatment of all creditors.

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