Description:
Rudy Giuliani filed for bankruptcy after being ordered to pay $148 million to two Georgia election workers he defamed, exacerbating long-building financial issues. His net worth dwindled from over $50 million to between $1-10 million in recent years. The bankruptcy won't likely absolve debts like the defamation ruling, with automatic stay protecting him from creditors temporarily. But it adds to numerous investigations and lawsuits tied to his election falsehoods. Once called "America's Mayor," Giuliani continues media work and fundraising, but his bankruptcy highlights a stark downfall for the former respected official.
Sources:
Rudy Giuliani files for bankruptcy days after being ordered to pay $148 million in defamation case
Rudy Giuliani, facing a $146 million judgment, files for bankruptcy in New York
Rudy Giuliani files for bankruptcy following $148 million defamation suit judgment - CBS News
