Embattled Giuliani files for bankruptcy after being order to pay $148M judgement

Rudy Giuliani's legal and financial problems have been going from bad to worse. Now, he is declaring bankruptcy.

On Wednesday, December 20, Judge Beryl Howell ordered the former New York City mayor and ex-personal attorney for Donald Trump to pay former Georgia election workers Ruby Freeman and Shaye Moss $148 million in damages for defaming them. And with Giuliani continuing to push the false, repeatedly debunked claim that they helped now-President Joe Biden steal the 2020 election in Georgia, Freeman and Moss have filed a second defamation lawsuit against him.

CNBC's Dan Mangan reports that Giuliani has "filed for Chapter 11 bankruptcy protection in New York, citing debts that include" the Freeman/Moss judgement.

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According to Mangan, "The filing by Giuliani came a day after a federal judge in Washington, D.C., ordered him to begin paying the two election workers the damages he owed for their lawsuit against him. Giuliani's filing estimates he has assets worth between $1 million and $10,000, and estimated liabilities of between $100 million and $500 million."

Discussing Giuliani's bankruptcy filing after the news broke, MSNBC's Ken Dilanian said that Giuliani won't be able to "discharge" the $148 million in damages he owes Freeman and Moss — as he owes them for "defamation." Dilanian noted that Giuliani has substantial legal bills and is also facing a civil lawsuit from Hunter Biden, President Joe Biden's son.

While those are civil cases, Giuliani is facing criminal charges as a co-defendant in Fulton County, Georgia District Attorney Fani Willis' election interference/RICO case against Trump.

READ MORE: 'Can no longer be tolerated': Giuliani accountant sues him for unpaid bills