Rudy Giuliani. Trump’s former lawyer filed for bankruptcy

Rudy Giuliani, known as “America’s Mayor” for his leadership of New York after the attacks of September 11, 2001, listed debts worth between $100 million and $500 million in his bankruptcy petition filed in a New York court, Reuters reported. The list included $148 million in damages awarded by a federal court in Washington last week for defamation against two Election Commission employees in Atlanta.

The former New York mayor accused them of rigging the elections. The court originally suspended the sentence for 30 days, but changed the decision after the slanderous women raised concerns that the politician would try to hide his assets.

In the request, Giuliani also listed an “unknown” amount of liabilities to voting machine and software manufacturers, Smartmatic and Dominion, which sued him for spreading theories about their involvement in alleged election fraud. Additionally, he revealed that he had nearly $1 million in tax arrears. He valued his assets at PLN 10 million.

Rudy Giuliani was a central figure in former US President Donald Trump’s entourage and the team trying to reverse the election results he lost. He also faced criminal charges in Georgia over his activities with Trump.

The attorney filed for bankruptcy under Chapter 11 of the U.S. Bankruptcy Code. This type of bankruptcy allows companies or individuals to restructure their finances under court supervision and at the same time continue their operations.

A spokesman for former New York Mayor Ted Goodman said this type of bankruptcy is intended to give him the opportunity and time to appeal the ruling, while providing financial transparency and “ensuring that all of his creditors are treated equally and fairly.”