Rudy Giuliani's Bankruptcy Filing Follows $148 Million Defamation Case

Rudy Giuliani, former New York City mayor and personal lawyer to Donald Trump, has filed for bankruptcy, citing severe financial strain exacerbated by his pursuit of Trump's election lies and a recent $148 million defamation verdict against him. Giuliani listed nearly $153 million in debts, including tax liabilities and potential judgments in lawsuits. While bankruptcy may not erase the verdict, it allows Giuliani to pursue an appeal and provides transparency for his finances. Giuliani's financial troubles have been mounting due to investigations, lawsuits, fines, and damages related to his efforts to overturn the 2020 election. He is facing multiple lawsuits, including those from voting machine manufacturers and Hunter Biden. Giuliani's bankruptcy filing did not disclose his assets or reveal new information about his income sources.