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Rudy Giuliani’s Bankruptcy Highlights the Financial Struggles of a Trump Ally Drowning in Debt

Credits: CNBC

Rudy Giuliani’s bankruptcy filing, triggered by a substantial verdict against him for defaming two Georgia election workers, has revealed details about his financial situation.

A federal jury ordered Giuliani to pay $148 million to Ruby Freeman and Shaye Moss for baselessly accusing them of engaging in voter fraud after the 2020 election. This verdict led Giuliani to file for bankruptcy, citing the severe impact on his finances.

The bankruptcy proceeding has provided a glimpse into Giuliani’s financial state, revealing thousands of dollars in taxes and credit card debt.

Rudy Giuliani (Credits: ABC7 Chicago)

Additionally, Giuliani could potentially owe millions more to voting technology companies Dominion Voting Systems and Smartmatic if he is found to have defamed them as well.

Despite the bankruptcy filing, Giuliani has been granted permission by his bankruptcy judge to appeal the defamation verdict.

This allows him to challenge the ruling while the bankruptcy process unfolds, offering him a legal avenue to address the financial burden imposed by the defamation case.

Giuliani’s financial woes, as highlighted by his bankruptcy filing, underscore the potential consequences of his actions following the 2020 election.

The defamation verdict and its aftermath serve as a cautionary tale for public figures regarding the legal and financial risks of making baseless accusations.

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