{"id":2131285,"date":"2023-12-21T20:33:02","date_gmt":"2023-12-22T01:33:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/rudy-giuliani-files-for-bankruptcy-in-wake-of-148-million-judgment\/"},"modified":"2023-12-21T20:38:09","modified_gmt":"2023-12-22T01:38:09","slug":"rudy-giuliani-files-for-bankruptcy-in-wake-of-148-million-judgment","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/rudy-giuliani-files-for-bankruptcy-in-wake-of-148-million-judgment\/","title":{"rendered":"Rudy Giuliani declares bankruptcy after $148M judgment"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">14<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Frudy-giuliani-files-for-bankruptcy-in-wake-of-148-million-judgment%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2131285&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>Former\u2064 New York City \u2064Mayor Rudy Giuliani Files\u200b for Bankruptcy After Court Loss<\/h2>\n<p>In a stunning turn of \u2064events, former New\u200d York City Mayor Rudy Giuliani \u200dhas filed for bankruptcy just days after being ordered\u200c to pay \u200c$148 million to defamed\u2064 Georgia poll workers. This comes as a major blow to Giuliani, who served \u200bas attorney\u2062 to former President Donald Trump.<\/p>\n<p>According to a report by Bloomberg News, Giuliani \u2063claims to have only $10 \u200cmillion in\u200d assets but is burdened with up to $500 million \u2064in outstanding debt. This\u200d <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/chinese-police-move-in-on-evergrande-firm-detain-wealth-management-staff\/\" title=\"Chinese police detain Evergrande wealth management staff.\">dire financial\u2063 situation<\/a> has\u200b led him to seek Chapter 11 protections.<\/p>\n<p>Giuliani&#8217;s bankruptcy attorneys, Heath Berger and Gary Fischoff, released a statement explaining that \u200cthis filing will provide the necessary time and space for Giuliani to pursue an\u200b appeal in the Georgia case. They also emphasized that\u200b the ex-mayor&#8217;s inability \u2062to\u200d pay such a hefty amount should not come\u2064 as a surprise to anyone.<\/p>\n<p>Last week, a \u2064Washington, D.C., jury ruled that Giuliani had defamed the poll workers, ordering him \u200bto pay nearly $150 million in damages. The breakdown\u2062 of the judgment includes significant\u2062 amounts\u200b for \u2062defamation and\u200c emotional\u2062 distress suffered by the\u200c plaintiffs, Ruby Freeman and Shaye Moss. Additionally, punitive \u2062damages of $75 million were awarded to\u200c both Freeman and Moss.<\/p>\n<p>Unfazed by the ruling, Giuliani called\u2064 it &#8220;absurd&#8221;\u200b and vowed to appeal, stating, &#8220;I \u200ddon&#8217;t\u200b regret a damn thing.&#8221;<\/p>\n<p>However, his attorney in\u200d the Georgia \u2064case, Joe \u200bSibley, \u200cexpressed concern that\u200d if future appeals fail, \u2064the \u200cfinancial consequences \u200dfor \u200cGiuliani would\u2063 be devastating, comparing it to &#8220;the \u200bcivil equivalent of the \u200bdeath penalty.&#8221;<\/p>\n<p>It is important to note\u2062 that\u200d Giuliani still faces further legal troubles in Georgia, including charges of racketeering and\u200d conspiracy. He is also being \u200dsued for \u2062defamation by Dominion Voting Systems and Smartmatic Corp., both\u200c of which he accused of involvement in election rigging.<\/p>\n<p><b><a href=\"https:\/\/onelink.to\/dwapp\" target=\"_blank\" rel=\"noopener noreferrer\" aria-describedby=\"sk-tooltip-9096\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/onelink.to\/dwapp&#038;source=gmail&#038;ust=1703186412954000&#038;usg=AOvVaw2wa_Ye43X_JsIDS19y_dtB\">CLICK HERE TO GET\u2064 THE DAILYWIRE+ \u200cAPP<\/a><\/b><\/p>\n<p> <\/p>\n<h2> \u2063 What \u200cpotential\u2064 implications does Giuliani&#8217;s bankruptcy filing have for other figures \u2063involved \u200cin the &#8220;Stop\u2063 the Steal&#8221; movement<\/h2>\n<p><span>  Y to former President Donald\u200b Trump and was once regarded as a \u2063prominent figure \u200din\u200c American politics.<\/p>\n<p>The bankruptcy\u2062 filing follows a recent\u200c court decision \u2062that found Giuliani liable for defamatory statements he\u2062 made concerning the integrity of the 2020 presidential election.\u200c In the \u2063wake of Trump&#8217;s defeat, Giuliani took to the\u200b media to voice unsubstantiated claims of widespread \u2064voter fraud, including baseless allegations\u2063 against\u2064 poll workers in\u200d Georgia.<\/p>\n<p>The \u2063lawsuit, brought forth by Dominion Voting Systems, accused Giuliani\u200d of <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/florida-democrats-push-back-on-false-claims-from-media-about-desantis-response-to-building-collapse\/\" title=\"Florida Democrats Push Back On False Claims From Media About DeSantis Response To Building Collapse\">spreading false information<\/a>\u200d that\u200b harmed \u2063the company&#8217;s\u200d reputation and caused\u2064 financial losses. The court agreed\u2063 with Dominion&#8217;s claims, leading to the significant financial \u200bjudgment against Giuliani.<\/p>\n<p>For Rudy Giuliani, this bankruptcy filing represents \u200ba new low\u2064 in a \u200dcareer that was once\u200b marked by high-profile successes. As a former federal prosecutor, Giuliani\u200d became known for his role in dismantling organized crime in New York City \u200cduring the 1980s. His leadership during the aftermath of the 9\/11 terrorist \u200cattacks also earned him widespread acclaim.<\/p>\n<p>However, in recent years, Giuliani&#8217;s reputation\u2064 has been tarnished by his \u200binvolvement with Trump\u200b and his controversial actions \u200bas the former president&#8217;s personal attorney. From his attempts \u200cto\u200d dig \u200bup dirt \u200don political opponents to his involvement \u2062in the Ukraine scandal that led to Trump&#8217;s\u200b first\u2063 impeachment, \u2062Giuliani&#8217;s reputation suffered significant damage.<\/p>\n<p>Now, with his bankruptcy filing, Giuliani faces not only financial ruin but also the prospect of his legacy \u200dbeing permanently marred. The bankruptcy process will force Giuliani to\u200d disclose his assets, income, and liabilities, providing the \u200dpublic with a glimpse into his\u2063 financial affairs.<\/p>\n<p>Additionally, \u2063this bankruptcy \u2062filing could have broader implications\u200d for the so-called &#8220;Stop the Steal&#8221; movement, which sought to overturn the\u2062 results of\u2063 the 2020 presidential election. Giuliani&#8217;s defeat in\u200d court \u2063and subsequent financial troubles \u200bcould serve as\u200b a\u2063 warning to other <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/ilhan-omar-other-leftists-distract-from-capitol-attack-by-focusing-on-gun-control-and-racism\/\" title=\"Ilhan Omar, Other Leftists, Distract From Capitol Attack By Focusing On Gun Control And Racism\">high-profile figures<\/a>\u200d who have advanced baseless claims of election \u200dfraud.<\/p>\n<p>The filing for bankruptcy comes at a time when Giuliani&#8217;s personal and professional life appear to be \u200cspiraling downward. Following the raid on his \u200dhome and \u2064office earlier this year by federal\u2064 investigators, Giuliani has faced mounting \u200clegal pressure and\u2064 scrutiny.<\/p>\n<p>While it\u200d is too early to predict the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/in-ohio-voters-to-decide-how-easily-theyll-let-pro-abortion-interest-groups-change-their-constitution\/\" title=\"Ohio voters will determine the level of ease for pro-abortion interest groups to amend their constitution.\">long-term \u200bconsequences<\/a> of Giuliani&#8217;s bankruptcy filing, it is clear\u2062 that this represents a significant setback\u200b for the former mayor. With his reputation in tatters and his financial future uncertain, it remains \u2062to\u2063 be seen\u200c how Giuliani\u2064 will navigate this latest chapter in his tumultuous\u2062 career.<\/p>\n<p>In conclusion, the news of Rudy Giuliani filing for bankruptcy just\u2062 days after being ordered to pay a substantial sum to defamed Georgia\u200b poll workers comes as a shocking \u2062turn of events. This development deals a major blow to Giuliani&#8217;s reputation and legacy as \u2064a former\u2064 New \u2062York \u200cCity mayor and high-profile\u2063 attorney. Only time will\u200b tell how \u200bGiuliani will recover from this setback, but\u2062 it is unquestionably \u200ca <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/4-beer-brands-raking-it-in-as-bud-light-continues-to-bleed-sales\/\" title=\"4 Beer Brands Thriving as Bud Light Sales Decline\">significant turning\u2063 point<\/a> in \u200chis\u2062 already tumultuous career.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Former NYC Mayor Rudy Giuliani filed for bankruptcy in the Southern District of NY, just days after being ordered to pay $148 million to defamed Georgia poll workers. Bloomberg News reported on the filing, stating that Giuliani<\/p>\n","protected":false},"author":93,"featured_media":2131286,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[541],"tags":[],"class_list":["post-2131285","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-daily-wire"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2131285","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/93"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2131285"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2131285\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2131286"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2131285"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2131285"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2131285"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}