Rudy Giuliani files for bankruptcy in New York

STUDENTS CLIMBING OUT ONTO A FOURTH STORY LEDGE OF A UNIVERSITY BUILDING AS THEY TRY TO ESCAPE THE GUNMAN. A LOT GOING ON JUST IN THE LAST COUPLE OF HOURS. WE BEGIN WITH THAT BREAKING NEWS. RUDY GIULIANI FILING FOR CHAPTER 11 BANKRUPTCY IN NEW YORK. HE’S LISTING DEBTS UP TO $500 MILLION, ASSETS UP TO 10 MILLION. THIS COMES ONE DAY AFTER A FEDERAL JUDGE RULED GIULIANI HAS TO IMMEDIATELY PAY THAT $148 MILLION THAT HE OWES TO TWO FORMER GEORGIA ELECTION WORKERS. NBC’S KEN DILANIAN IS FOLLOWING THIS FOR US, ALSO WITH ME FORMER FEDERAL PROSECUTOR AND MSNBC

LEGAL ANALYST CAROL LAM. ALL RIGHT, KEN, I JUST GOT MY HANDS ON THIS. IT’S PRETTY THICK. I HAVEN’T GONE THROUGH ALL OF IT. WALK US THROUGH THIS BANKRUPTCY FILING AND WHAT IT MEANS. >> SO THE MAIN DEBT THAT HE LISTS IN THIS FILING, CHRIS, IS THE $148 MILLION HE OWES TO RUBY FREEMAN AND SHAYE MOSS, AND THAT APPEARS TO HAVE BEEN THE TIPPING POINT HERE. HE ALSO OWES MORE THAN A MILLION DOLLARS TO SOME LAWYERS WHO ARE SUING HIM, AND HE LISTS SOME OTHER THEORETICAL DEBTS THAT COULD OCCUR IN LAWSUIT WHERE IS HE IS A

DEFENDANT, FOR EXAMPLE, HE IS A DEFENDANT, FOR EXAMPLE, HUNTER BIDEN IS SUING HIM FOR DEFAMATION, SMARTMATIC, THE VOTING COMPANY SUING HIM. HE’S LISTING POTENTIAL DEBTS AND HE’S LISTING POTENTIAL DEBTS

AND THAT GOES UP TO $500 MILLION. BUT HERE’S THE THING ABOUT THIS $148 MILLION JUDGMENT. IT LIKELY IS NOT DISCHARGEABLE IN BANKRUPTCY BECAUSE IT RESULTED IN WILLFUL AND MALICIOUS ACTS, WHICH ARE NOT SUBJECT TO BANKRUPTCY PROTECTION. WHATEVER HAPPENS WITH THIS REORGANIZATION AND THE BANKRUPTCY, THIS JUDGMENT WILL STAY WITH HIM FOR THE REST OF HIS LIFE. NOW, HE CAN APPEAL IT, BUT THE NOW, HE CAN APPEAL

IT, BUT THE JUDGE MADE CLEAR IN ORDER TO APPEALS APPEAL HE’S GOING TO HAVE TO PUT UP A BOND, WHICH HE DOES NOT HAVE. AN APPEAL SEEMS RATHER REMOTE AT THIS POINT. THIS JUDGMENT WILL STAY WITH HIM. WILL RUBY FREEMAN AND SHAYE MOSS GET THEIR MONEY, THAT REMAINS IN QUESTION. WHAT KIND OF ASSETS DOES RUDY GIULIANI HAVE? WE KNOW THAT HE HAS A LOVELY APARTMENT ON THE UPPER EAST SIDE OF NEW YORK, AND WE KNOW THAT BECAUSE IT’S LISTED FOR SALE RIGHT NOW. RIGHT NOW. YOU CAN SEE IT ON THE SOTERUTER WEBSITE. IF HE MAKES

MONEY FROM THAT, THAT COULD GO TO SOME OF THE PEOPLE, SOME OF THE CREDITORS HERE. IT’S A LONG PROCESS THAT’S JUST BEGINNING, AND IT’S A HUGE DOWNFALL FOR SOMEBODY WHO WAS ONCE CALLED AMERICA’S MAYOR AND