Rudy Giuliani Files For Bankruptcy After $148M Defamation Verdict

NEW YORK CITY — Embattled former New York City Mayor Rudy Giuliani is broke, according to a new court filing.

Giuliani filed for bankruptcy Thursday, just days after being ordered to pay $148 million in a defamation lawsuit from two Georgia election workers who said his lies put them in fear for their lives.

The whopping judgment is the biggest debt listed on Giuliani's bankruptcy filing, which lists nearly $153 million in money owed.

"No person could have reasonably believed that Mayor Giuliani would be able to pay such a high punitive amount," said Ted Goodman, a spokesperson for Giuliani, in a statement.

The bankruptcy filing, however, is unlikely to dissolve the $148 million because the law doesn't allow debts that came from "willful and malicious injury" to be erased.

Giuliani faces a torrent of legal and financial trouble, much of it — but not all — stemming from his lies about the 2020 election.

His most prominent client, former President Donald Trump, has reported not been paying up the millions of dollars that Giuliani believes he is owed, according to the New York Times.

Trump instead hosted $100,000-per-plate fundraisers on Giuliani's behalf to help pay the former mayor's legal bills.

Giuliani's bankruptcy filing estimates his assets to be between $1 million and $10 million.

The Associated Press contributed to this report.