Rudy Giuliani has filed for bankruptcy in New York with staggering $153 million in debt to creditors, including two Georgia election workers he defamed, lawyers, the IRS and Hunter Biden.

It was a stunning setback for the man who became known as “America’s Mayor” in the aftermath of September 11 and was once a realistic candidate for president of the United States.

The former New York mayor, who led the effort on behalf of Donald Trump to challenge the 2020 election results, filed court documents showing he had less than $10 million in assets.

On Friday, Giuliani, 79, was placed on the precipice of financial ruin when a jury ordered him to pay $148 million in damages to election workers Ruby Freeman and Shaye Moss over claims they tried to rig the vote for Joe Biden.

In August, Giuliani admitted he was having “financial problems” as he faced multiple lawsuits and said he did not have enough money to defend himself.

Court records show he filed his petition in the U.S. Bankruptcy Court for the Southern District of New York.

In the filing, Giuliani said he had between $100 million and $500 million in debt and $1 million to $10 million in assets.

The filing listed Hunter Biden as one of his creditors, without specifying the amount Giuliani owed him.

“Unknown” amounts were recorded as debts to the president’s son and to electoral voting machine companies Dominion and Smartmatic.

Hunter Biden, Dominion and Smartmatic have all filed lawsuits against Giuliani that are ongoing.

In September, Hunter Biden sued Giuliani, accusing the former mayor of violating his privacy over data allegedly taken from his infamous laptop.

Giuliani also mentioned that he owed 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 following the defamation lawsuit.

They said: ‘The filing should not come as a surprise to anyone. “No one could have reasonably believed that Mayor Giuliani could pay such a large penalty.”

The attorneys said the Chapter 11 bankruptcy would “give Mayor Giuliani the opportunity and time to appeal while making his finances transparent.”

It would “ensure that all creditors are treated equally and fairly throughout the process,” they said.

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

On Tuesday, Giuliani was spotted at a jewelry store in Manhattan, although it was unclear whether he had purchased any items.

He walked into Madison Jewelers on 3rd Avenue after leaving his office.

Declaring bankruptcy won’t erase the $148 million in damages he owes Georgia election workers.

Bankruptcy law does not allow discharge of debts arising from “intentional and malicious injuries” inflicted on someone else.

In September, Giuliani’s former lawyer Robert Costello sued him for $1.4 million in unpaid legal bills.

Giuliani has asked a judge to dismiss the case, claiming he never received the invoices in question.

In August, the IRS filed a $549,435 tax lien against Giuliani for the 2021 tax year.

This summer, Giuliani was criminally indicted in Georgia and accused of trying to overturn the 2020 election results.

Fulton County District Attorney Fani Willis charged him under the same racketeering laws that Giuliani once went after the mob as a federal prosecutor in New York City.

He is one of eighteen people accused of being part of a ‘criminal enterprise’ and, like Trump, has pleaded not guilty.

Giuliani surrendered to the Fulton County Jail in August and had his mugshot taken.

After last week’s $148 million defamation lawsuit, Giuliani blamed the “fascist system of the Biden regime.”

He said he had “no remorse” and his lawyers described the damages as the “civil equivalent of the death penalty.”

Outside court, Giuliani said his claims were “supportable and remain supportable today.”

He has since been sued for a second time by Georgia’s two election workers.

They are asking for an injunction to permanently ban Giuliani from “continuing his smear campaign” against them.

Rudy Giuliani is facing financial ruin after a court ordered him to pay an astonishing $148 million for defaming two Georgia election workers he accused of stealing the 2020 election for Joe Biden.

The verdict was a catastrophic blow to the 79-year-old former New York mayor and vindication for election workers Ruby Freeman and Shaye Moss, who said his accusations triggered a barrage of threats that made their lives hell.

The mother-daughter duo said Giuliani’s lies that they had engaged in voter fraud to rig the election against Donald Trump left them afraid to leave their homes and unable to find jobs.

Giuliani called the damages an “absurd number” and claimed the case would be overturned on appeal “so quickly it will make your head spin.”

The Washington DC jury deliberated for ten hours before returning with a unanimous verdict to award the staggering sums, including:

• $75 million in damages;
• $20 million each for emotional distress;
• $16 million for Freeman and $17 million for Moss for reputational damage

That amounted to a staggering total of $148 million – a figure that seems far beyond Giuliani’s reach.

He is already facing a series of financial setbacks, criminal charges and other civil lawsuits.

The judge appeared to stumble as she read the verdict, stunned by the amounts the jury awarded, and there was an audible gasp in the courtroom.

The plaintiffs’ lawyers had asked for $48 million in damages, but the jury decided to award Freeman and Moss $100 million more than that.

Outside court, Freeman said: ‘Money will never solve all my problems. I can never go back to the house I call home. I will always have to be careful about where I go and who I share my name with. I miss my home. I miss my neighbors and I miss my name.’

Moss said, “Our greatest wish is that no one — no election worker, no voter, no school board member, or anyone else — ever experiences anything like what we experienced.”

“The lies Rudy Giuliani told about me and my mother after the 2020 presidential election changed our lives and the past few years have been devastating,” Moss said of her and Freeman.

Giuliani criticized the decision and said he would appeal and seek a new trial.

“The absurdity of the number only underlines the absurdity of the entire procedure.”

He said he decided not to testify at the trial because “quite frankly, it wouldn’t serve any purpose.”

Giuliani called his past comments “supportable” but claimed he “had no opportunity” to present evidence in the case.

The former New York mayor also denounced the “deplorable” comments the two women received from others following his accusations, but took no responsibility for causing them.

Pressed about why he didn’t testify, he said, “I believe the judge threatened me with the strong possibility of contempt or even going to jail.”

The size of the reward creates a likely draw and an expected legal battle over what the final amount should be and how to ensure Giuliani, 79, pays at least part of it.

It comes after Giuliani doubled down on his accusations against Freeman and Moss outside the courthouse on Monday.

During the trial, Moss testified that her life was “turned upside down” by Giuliani’s false claims that she was guilty of election fraud.

Her lawyer Michael Gottlieb asked the jury to “send a message” by giving the former New York mayor a hefty financial verdict.

An expert witness, Ashlee Humphreys of Northwestern University, had told the court that the two women should be paid between $18 million and $48 million to compensate for the loss of their reputations.

Giuliani repeatedly called out Freeman and Moss as he acted as a key figure in Trump’s effort to overturn the 2020 election results.

Humphreys said in court this week that there was a huge outburst of online disinformation about them after Giuliani and former President Donald Trump accused them of manipulating vote counts.

Moss said she was subjected to hundreds of racist messages and threats, including messages saying “we know where you sleep” and “you’re dead.”

The court heard there had been 33 million online impressions of Freeman, who at one point called Trump a “professional vote fraudster” in a phone conversation with Georgian Secretary of State Brad Raffensperger.

The judge overseeing the case had already convicted Giuliani in absentia, so the trial mainly consisted of determining the damages he had to pay.

Giuliani was already facing major financial risks before the jury reached a verdict.

His lawyer Joseph Sibley argued in court Monday that the two workers were asking for the “civil equivalent of the death penalty.”

He put his Manhattan co-op on the market for $6.5 million, and his former attorney Robert Costello and his law firm sued him this fall over $1.4 million in unpaid bills stemming from multiple investigations.

Giuliani was expected to appear in his own defense. But after he announced on Wednesday that he intended to do so, his lawyer ultimately did not call him.

Giuliani’s attorney, Joseph Sibley, had to resort to reverting to Giuliani’s earlier biography. He invoked his role as mayor of New York City on September 11, calling him a “good man.” In a sign of the evidence he faced, he acknowledged that “my client committed unlawful conduct” against the defendants. He asked for a lower amount even though he admitted that Moss and Freeman had suffered damages.

There was a possible sign Thursday evening after the jury began deliberating and then asked the judge if they could review a presentation by Humphreys about her damage calculations.

The judge denied the request and the jury ultimately went home that night.

It came after a trial in which Giuliani’s lawyer faced a difficult set of facts and a talkative client.

On Wednesday, U.S. District Court Judge Beryl Howell warned Giuliani about his appearance on a podcast, where he called the case a “political blow” and attacked the integrity of the group of attorneys arrayed against him.

He had said “there might be a few questions about exactly how political this is” and had said money “comes from different directions.”

After being warned directly, Giuliani told the judge that “I thought I could comment on counsel,” but promised not to do so in the future.

The judge didn’t believe it and said so. “A lot of accidents happen here, Mr. Giuliani,” she said.

The verdict comes as Giuliani faces criminal liability after being indicted as part of a conspiracy to overturn the election on Trump’s behalf in that state. He has denied being guilty of the charges against him.

Giuliani had alleged that Moss and Freeman pulled “suitcases” full of ballots during the count at Atlanta’s State Farm Arena, claiming they inserted a USB drive into voting machines. But that of the Georgian Minister of Foreign Affairs research felt that the claims circulating online against them ‘have no value whatsoever’.