NEW YORK – Former New York City Mayor Rudy Giuliani filed for bankruptcy in New York on Thursday, following a court ruling that ordered him to pay $148 million in damages to two former Georgia election workers. The workers claimed their lives were disrupted after Giuliani falsely accused them of manipulating ballots during the 2020 election, as he attempted to overturn the results in favor of former President Donald Trump.

Giuliani’s political adviser, Ted Goodman, stated that the filing should not come as a surprise, emphasizing that the punitive amount was beyond Giuliani’s means. He further explained that filing for Chapter 11 bankruptcy will give Giuliani the opportunity and time to pursue an appeal, while ensuring transparency of his finances under the supervision of the bankruptcy court.

The legal bills from his unsuccessful efforts to overturn the election results have reportedly placed Giuliani in dire financial straits even before the recent court ruling. This bankruptcy filing allows for a structured repayment plan to be arranged, providing a chance for Giuliani to address his outstanding debts while maintaining fair treatment of all creditors throughout the process.

Giuliani’s bankruptcy filing comes as a significant development in the aftermath of his legal challenges following the 2020 election. The filing is expected to impact the ongoing legal battles and the public perception of his financial stability. The 79-year-old former mayor’s financial difficulties have further garnered attention amid the continued fallout from his involvement in the attempts to reverse the election outcome.

In summary, former New York City Mayor Rudy Giuliani filed for bankruptcy in New York after a court ordered him to pay $148 million in damages to former Georgia election workers. The filing for Chapter 11 bankruptcy provides Giuliani the opportunity to address his financial challenges while ensuring fair treatment of his creditors. The bankruptcy filing is a significant development in the aftermath of Giuliani’s legal challenges following the 2020 election.