Rudy Giuliani files for BANKRUPTCY and lists more than $500million in debts
(www.dailymail.co.uk)
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My contention, friend, is that Rudy will be fine.
He's not dumb, he knows how to protect his assets, and I doubt he's scrambling at the moment to try to hide any of them through his LLC's because he likely has done so all along as any smart lawyer would. Those assets are simply not owned by HIM and this judgment is against HIM. He will likely lose very little of that which he CONTROLS via any LLC's or trusts he would have already owned prior to the judgment and there's a mount everest's worth of case law protecting him in this way no matter what any particular judge may try and say. If they break case law in his case he'll appeal as high as he needs to go in order to win, and he will.
He's already appealing this case. He's filing for bankruptcy in case that's drawn out or doesn't go well but the case was a joke and he knows he'll win his appeal. If not, he'll take it to SCOTUS and will win there.
There's a reason people file for bankruptcy, and it's not just for fun. It's a legal protection that allows you to keep a large portion of your assets. Why do you think it's there? That's literally what it's for. You can link to any article you want. It doesn't change the fact that bankruptcy exists literally so that you don't go "bankrupt" when your debts grow larger than your ability to repay, or in case you get sued and are unable to repay everything in the manner prescribed by your judgment without going totally BROKE.
Get over it.