Staff Reports
Former New York Mayor Rudy Giuliani was met with some financial troubles recently, filing for bankruptcy after being hit with a massive $148 million lawsuit. The former mayor filed for bankruptcy in U.S. Bankruptcy Court in New York, listing a staggering $153 million in debt.
Giuliani files for bankruptcy after $148 million bill in defamation suit https://t.co/c0C8QBAriF
— The Washington Times (@WashTimes) December 21, 2023
This hefty sum includes money owed to his lawyers, tax liabilities, and potential legal judgments in lawsuits against him. Even President Biden’s son, Hunter Biden, is listed as one of his creditors. It seems like everyone wants a piece of the pie, and Giuliani’s wallet is the pie!
The largest chunk of debt comes from the $148 million he was ordered to pay to two individuals in Georgia. They sued him for defamation, claiming he made false statements about them, which led to death threats following the 2020 election. Yikes! It looks like those statements really hit Giuliani where it hurts – his bank account.
But wait, there’s more! In September, Giuliani’s former lawyer also sued him for $1.4 million in unpaid legal bills. Giuliani’s defense? He says he never received the invoices. Classic excuse, right?
And if that isn’t enough, a tax lien of $549,435 was filed against him for the 2021 tax year. It’s like the cherry on top of his financial mess.
Despite the mountain of debt, Giuliani’s political adviser and spokesman, Ted Goodman, is painting a picture of hope. He mentioned that the bankruptcy filing would give Giuliani the chance to pursue an appeal while ensuring fairness for all his creditors. It seems like Giuliani is hoping for a financial miracle, but it might take more than just hope to dig him out of this deep financial hole.
