Previous Trump attorney Rudy Giuliani files for individual bankruptcy defense, lists much more than $100 million in money owed

Previous Trump attorney Rudy Giuliani files for individual bankruptcy defense, lists much more than 0 million in money owed


Rudy Giuliani, the previous personal attorney for former U.S. President Donald Trump, arrives to the E. Barrett Prettyman U.S. District Courthouse on December 15, 2023 in Washington, DC. 

Anna Moneymaker | Getty Pictures

Rudy Giuliani filed for Chapter 11 bankruptcy protection in New York on Thursday, citing money owed that contain a almost $150 million current civil judgment in opposition to him for defaming Ga election personnel although acting as a attorney for previous President Donald Trump.

The submitting by Giuliani came a working day following a federal decide in Washington, D.C., purchased the former New York Metropolis mayor to get started shelling out the two election staff the damages he owed for their lawsuit in opposition to him, and a few days immediately after the females submitted a new lawsuit in search of to bar him from defaming them once more.

Giuliani’s filing estimates he has property well worth among $1 million and $10,000 million, and estimated liabilities of amongst $100 million and $500 million.

Giuliani is on the hook for $146 million to Ruby Freeman and her daughter Shaye Moss as a end result of a jury verdict past 7 days in D.C. federal courtroom. Giuliani, even though representing Trump in initiatives to reverse his decline on the heels of the 2020 election, had falsely accused people two election personnel of ballot fraud.

His personal bankruptcy lawyers in a statement, stated, “The filing really should be a shock to no a single.”

“No person could have fairly considered that Mayor Giuliani would be capable to pay out these kinds of a significant punitive amount of money” from the defamation case, the lawyers, Heath Berger and Gary Fischoff mentioned.

“Chapter 11 will afford Mayor Giuliani the prospect and time to go after an charm, while providing transparency for his funds below the supervision of the bankruptcy courtroom, to be certain all creditors are handled similarly and fairly in the course of the system,” the attorneys stated.

– Supplemental reporting by CNBC’s Jim Forkin

This is breaking information. Be sure to look at back again for updates.



Source

The number of ‘tariff’ mentions soar past ‘AI’ on earnings calls as Trump’s trade fight alters outlook
World

The number of ‘tariff’ mentions soar past ‘AI’ on earnings calls as Trump’s trade fight alters outlook

Move over artificial intelligence. There’s a new hot topic on corporate earnings calls in 2025: tariffs. The word “tariffs” has come up on more than 350 earnings calls of S & P 500 -listed companies reporting first quarter results, according to a CNBC analysis of call transcripts compiled by AlphaSense. By contrast, the term “AI” […]

Read More
First Chinese freight ship goods hit with Trump’s 145%-plus tariffs arriving at U.S. ports
World

First Chinese freight ship goods hit with Trump’s 145%-plus tariffs arriving at U.S. ports

Container ships sit docked at the Port of Los Angeles on May 06, 2025 in San Pedro, California. Justin Sullivan | Getty Images News | Getty Images The first shipping containers carrying Chinese products that are subject to President Donald Trump’s 145% tariffs have begun arriving in U.S. ports. Seven ships carrying upward of 12,000 […]

Read More
This consumer products stock is rushing to leave China and Wall Street is betting it can pull it off
World

This consumer products stock is rushing to leave China and Wall Street is betting it can pull it off

Wall Street is optimistic SharkNinja will be able to move its sourcing completely out of China. The company, which manufactures appliances such as vacuums and the Ninja Creami ice cream maker, rallied nearly 13% on Thursday following a first-quarter earnings beat. SharkNinja raised its guidance for its fiscal-year earnings, revenue growth and adjusted EBITDA estimates. […]

Read More