Rudy Giuliani declares bankruptcy after being ordered to pay $150 million

Rudy Giuliani filed for bankruptcy in a New York federal court on Thursday, just days after he was ordered to pay nearly $150 million to two former Georgia election officials for defamation.

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According to the filing, Giuliani listed debts between $100 million and $500 million and assets worth up to $10 million.

Giuliani lists nearly $1 million in unpaid taxes among his debts as well as hundreds of thousands of dollars owed to lawyers and accountants.

It also lists pending lawsuits, including three defamation cases related to his statements after the 2020 election, which have not yet been tried and could increase his debts if he is ordered to pay damages in those cases.

“This bankruptcy filing should come as a surprise to no one,” Ted Goodman, Giuliani’s political adviser, said Thursday. “No one would have believed that Mayor Rudy Giuliani would be able to pay such an exorbitant punitive sum.”

This announcement adds to the list of failures suffered by the former New York mayor, federal prosecutor, and former dominant figure in the Republican presidential nomination.