POLITICO
Former New York City Mayor Rudy Giuliani filed for bankruptcy in New York Thursday, as legal bills from his failed efforts to overturn the results of the 2020 election for former President Donald Trump pile up.
The filing comes days after Giuliani, 79, was ordered to pay $148 million in damages to two former Georgia election workers who said their lives were upended after the former Trump lawyer falsely accused them of manipulating ballots during the 2020 election.
“The filing should be a surprise to no one. No person could have reasonably believed that Mayor Rudy Giuliani would be able to pay such a high punitive amount,” Ted Goodman, Giuliani’s political adviser, said in a statement. “Chapter 11 will afford Mayor Giuliani the opportunity and time to pursue an appeal, while providing transparency for his finances under the supervision of the bankruptcy court, to ensure all creditors are treated equally and fairly throughout the process.”
According to the Chapter 11 filing , Giuliani holds debts of about $153 million, while only claiming up to $10 million in assets. The former mayor owes close to $1 million in state and federal taxes and owes millions to several law firms, including $1.36 million to Davidoff Hutcher & Citron LLP, the law firm where Giuliani’s longtime lawyer Robert Costello works. Costello is suing Giuliani for unpaid bills…
