NIn his bankruptcy filing, the former mayor of New York listed almost 153 million dollars (around 140 million euros, at the current exchange rate) in existing or potential debts, including close to one million dollars (912 thousand euros) in tax liabilities, money you owe your lawyers and many millions of dollars in potential judgments in lawsuits against you.
He estimated his assets at between one million and 10 million dollars (9.1 million euros).
The largest debt is the $148 million he was ordered to pay a week ago for defaming Georgia election officials arising from the 2020 presidential election.
Ted Goodman, a political adviser and spokesman for Giuliani, a former Republican presidential candidate and a senior Justice Department official, said in a statement that the request “should come as no surprise to anyone.”
“No one could reasonably believe that Mayor Giuliani would be capable of paying such a large punitive sum,” Goodman added.
He said the bankruptcy filing will give Giuliani the “opportunity and time to file an appeal, while also providing transparency into his finances under the supervision of the bankruptcy court, to ensure that all creditors are treated equally and fair throughout the entire process.”
However, declaring bankruptcy likely won’t erase the $148 million in damages a jury awarded to longtime Georgia election workers Ruby Freeman and Wandrea ‘Shaye’ Moss. Bankruptcy law does not allow for the dissolution of debts resulting from “intentional and malicious harm” inflicted on another person.
Read Also: Court orders former New York mayor to pay compensation
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