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Bankruptcy Law
Giuliani owes more than $152M, including $148M verdict, bankruptcy filing says
Lawyer Rudy Giuliani, pictured here in September 2022, owes more than $152 million, and that doesn’t include the potential damages that he faces in pending lawsuits, according to his Chapter 11 bankruptcy filing Dec. 21. Photo by John Nacion/Star Max/IPx via the Associated Press.
Lawyer Rudy Giuliani, who once represented former President Donald Trump, owes more than $152 million, and that doesn’t include the potential damages that he faces in pending lawsuits, according to his Chapter 11 bankruptcy filing Thursday.
The debts include $1.36 million owed to Davidoff Hutcher & Citron, a law firm that represented Giuliani in criminal cases, and more than $387,000 owed to a firm that represented him in legal ethics proceedings, the New York Times reports.
The largest debt, however, is the $148 million that Giuliani was ordered to pay to two Georgia election workers for defamation and emotional distress for false claims about vote tampering.
Giuliani estimates the value of his assets at $1 million to $10 million in the Dec. 21 petition, filed in the U.S. District Court for the Southern District of New York.
Publications besides the New York Times covering the bankruptcy filing include the Associated Press, Bloomberg Law, Reuters and Law.com.
Ted Goodman, a political adviser and a spokesperson for Giuliani, told the New York Times that the bankruptcy filing will give Giuliani time to pursue an appeal in the election-workers case, provide transparency for his finances, and “ensure all creditors are treated equally and fairly throughout the process.”
Giuliani’s potential liabilities include several pending suits, including two by voting machine companies Dominion Voting Systems and Smartmatic, which sued over stolen-election claims.
See also:
“Giuliani ordered to pay over $89K discovery sanction in poll workers’ suit”
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