by Madeleine Hubbard
Former Trump attorney Rudy Giuliani filed for bankruptcy Thursday in New York, citing that he has up to $500 million in liabilities, according to a new court filing that comes after he was ordered to pay $148 million in the defamation case filed by Georgia election workers.
His Chapter 11 bankruptcy petition lists between $1 million and $10 million in assets and between $100 million and $500 million in liabilities, according to the court filing.
Chapter 11 bankruptcy is commonly known as “reorganization” bankruptcy, which is usually filed by businesses in order to keep the companies afloat while paying creditors over time.
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Madeleine Hubbard joined Just the News as a fast file reporter after working as an editor at Breitbart News.
Photo “Rudy Giuliani” by Palácio do Planalto. CC BY 2.0.
