Former New York City Mayor Rudy Giuliani filed for bankruptcy on Thursday, just days after being ordered to pay $148 million to two former Georgia election workers in a defamation lawsuit.

According to Reuters, Giuliani, 79, filed court documents saying he had between $100 million and $500 million in liabilities and $1 million to $10 million in assets.

“No person could have reasonably believed that Mayor Rudy Giuliani would be able to pay such a high punitive amount,” spokesperson Ted Goodman commented.

“His bankruptcy filing includes debts related to legal fees, unpaid taxes, and the aforementioned defamation damages in Georgia,” Simon Ateba wrote.

Reuters reports:

U.S. bankruptcy proceedings can enable people and companies to wipe away or reorganize their debts, and Giuliani’s filing will likely pause all of the pending lawsuits against him.

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However, it may not allow him to duck the money he owes the election workers, as judges have ruled that defamation penalties cannot be discharged if a debtor has engaged in “willful and malicious” conduct.

Aside from the former election workers, Giuliani also listed President Joe Biden’s son, Hunter Biden, and a former employee, Noelle Dunphy, as creditors.

Hunter Biden has sued Giuliani for violating his privacy over data allegedly taken from his laptop, while Dunphy has sued him for sexual assault, harassment and wage theft. Giuliani has denied the allegations.

Dunphy’s lawyer Justin Kelton said they would not be deterred from pursuing the case.

Other creditors include Smartmatic USA and an employee of Dominion Voting Systems.

“The absurdity of the amount is indicative of the absurdity and unfairness of the entire proceeding. It bore no resemblance to a trial in a country with the rule of law. I wasn’t able to offer any evidence in my defense. We’ll have more to say and look forward to the appeal,” Giuliani said last week.

“THIS is what we are fighting for Patriots. Our CHILDREN is why we must NEVER GIVE UP. No matter the odds, we must persevere and overcome. God Bless America’s Mayor, Rudy Giuliani, God Bless our Children, and God Save the United States of America,” Andrew Giuliani commented Thursday.

Daily Mail added:

Giuliani also listed owing at least $700,000 to the Internal Revenue Service and more than $260,000 to the New York State Department of Taxation and Finance.

In a statement Heath Berger and Gary Fischoff, Giuliani’s bankruptcy lawyers, said the move was predictable after the defamation court case.

They said: ‘The filing should be a surprise to no one. No person could have reasonably believed that Mayor Giuliani would be able to pay such a high punitive amount.’

The lawyers said Chapter 11 bankruptcy would ‘afford Mayor Giuliani the opportunity and time to pursue an appeal, while providing transparency for his finances.’

It would ‘ensure all creditors are treated equally and fairly throughout the process,’ they said.

Giuliani said he had nearly $1 million in tax liabilities and also owes money to his lawyers, and many millions of dollars in potential legal judgements in lawsuits against him.

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