Already a subscriber? Make sure to log into your account before viewing this content. You can access your account by hitting the “login” button on the top right corner. Still unable to see the content after signing in? Make sure your card on file is up-to-date.

Rudy Giuliani, the former mayor of New York City, has filed for Chapter 11 bankruptcy just days after being ordered to pay $148 million to two ex-Georgia election workers he wrongfully accused of fraud during the 2020 election.

The filing in US bankruptcy court in New York reveals Giuliani’s assets are listed between $1 million and $10 million, with liabilities ranging from $100 million to $500 million. This move comes amidst a series of legal battles and financial strains, mainly stemming from his role in former President Trump’s campaign to contest the 2020 election results.

The bankruptcy filing was triggered by a recent jury verdict mandating Giuliani to compensate Ruby Freeman and Shaye Moss, the election workers he defamed, with a substantial sum following a civil trial. Despite Giuliani’s vow to appeal the verdict, which he labeled as “absurd,” the judgment was ordered for immediate enforcement. Ted Goodman, Giuliani’s political advisor, stated, “Chapter 11 will afford Mayor Giuliani the opportunity and time to pursue an appeal, while providing transparency for his finances under the supervision of the bankruptcy court, to ensure all creditors are treated equally and fairly throughout the process.”

Giuliani’s financial woes are extensive, with less than 50 creditors owed various sums, including Hunter Biden, voting equipment companies Smartmatic and Dominion, former lawyers, and a former employee accusing him of sexual assault. Additionally, Giuliani is reported to owe significant amounts in federal and state income taxes.