Former New York City Mayor Rudy Giuliani has lost his bankruptcy protection, allowing creditors to move forward with pursuing his assets following a recent court decision. The bankruptcy protection was sought by Giuliani after being ordered to pay $148 million to two Georgia election workers for defamation claims related to the 2020 election.
The federal bankruptcy court judge, Sean Lane, ruled to end Giuliani's bankruptcy due to his lack of financial transparency since filing for bankruptcy over six months ago. The judge noted Giuliani's failure to provide a clear picture of his financial affairs, including lack of disclosure on company finances and recent wire transfers.
