Former Mayor Faces Bankruptcy After Defamation Lawsuit

A recent court filing revealed that Rudy Giuliani, the former mayor of New York City and attorney for Donald Trump, has filed for bankruptcy. This move comes shortly after he was ordered by a jury to pay $148 million in damages to two election workers from Fulton County. The workers, Ruby Freeman and Shaye Moss, sued Giuliani for defamation, alleging that he had falsely accused them of participating in fraudulent ballot processing. Giuliani estimated his liabilities to be between $100 million and $500 million. In response to the filing, Giuliani's political adviser, Ted Goodman, stated that the bankruptcy was not unexpected, as Giuliani's financial situation had been deteriorating. He emphasized that filing for Chapter 11 bankruptcy would give Giuliani the opportunity to pursue an appeal and ensure that all creditors are treated fairly. Giuliani, who was once estimated to have a net worth of over $50 million, has reportedly resorted to selling merchandise and offering video messages for a fee in an effort to generate income. This recent development raises questions about Giuliani's financial standing and the potential impact on his appeal.