The former New York mayor and lawyer to Donald Trump, Rudy Giuliani, erupted in court on Tuesday, telling a judge: “I can’t pay my bills!”

Sketches by courtroom artists, who create pictures for the media to use when cameras are not allowed in court, such as federal courts, showed a furious Giuliani, 80, pointing at the judge in his case, Lewis Liman.

The hearing in federal court in Manhattan concerned a near-$150m judgment won by Ruby Freeman and Shaye Moss, two Georgia elections workers whom Giuliani defamed while advancing Trump’s lie that electoral fraud in 2020 cost him victory over Joe Biden.

Liman said Giuliani had not been complying with orders to surrender assets.

Giuliani said on Tuesday: “The implications you are making against me are wrong. I have no car, no credit card, no cash, everything I have is tied up, they have put stop orders on my business accounts, and I can’t pay my bills!”

Giuliani’s fall has been spectacular. After making his name as a hard-charging prosecutor who took on organized crime, he was mayor for two terms, in office on 11 September 2001 and widely praised for his leadership after the terrorist attacks on the US. His 2008 presidential run flopped but Giuliani enjoyed a successful consulting and speaking career before allying himself with Trump when the property magnate entered Republican politics in 2015.

Giuliani missed out on a cabinet appointment but became Trump’s personal attorney – work that fueled Trump’s first impeachment, in 2019 for blackmailing Ukraine for political dirt. Giuliani then became a prime driver of Trump’s failed attempt to overturn the 2020 election – work which produced criminal charges, to which he pleaded not guilty, the huge defamation judgment, and disbarments in Washington and New York.

In New York on Tuesday, Giuliani’s lawyer told the judge his client had turned over assets including a Mercedes Benz sports car once owned by the film star Lauren Bacall. An attorney for Freeman and Moss said Giuliani had turned over the car but not the title to it. Attorneys for the two women have also said they have gained access to Giuliani’s $5m Upper East Side apartment in Manhattan, but have not secured “the keys, stock, or proprietary lease”.

In court, the judge told Giuliani’s lawyer: “A car without a title is meaningless … your client is a competent person. He was the US attorney in the district. The notion that he can’t apply for a title certificate – ”

Giuliani cut him off, saying: “I did apply for it! What am I supposed to do, make it up myself? Your implication that I have not been diligent about it is totally incorrect.”

He then launched his outburst about financial problems.

Giuliani’s lawyer asked Liman to extend deadlines, given he had only just started on the case after previous attorneys withdrew. Liman denied the request, saying: “You can’t restart the clock by firing one counsel and hiring another. He has already received multiple extensions, and missed multiple deadlines.”

Trial is set for 16 January regarding whether Giuliani must also give Moss and Freeman his Florida home and four New York Yankees World Series commemoration rings. On Tuesday, Giuliani’s lawyer asked if the trial could be pushed back, so his client could attend inaugural events for Trump, who will be sworn in as president in Washington DC on 20 January. Liman said no.

Outside court, Giuliani told reporters Liman was “going to rule against me. If you were sitting in the courtroom and couldn’t figure it out, you’re stupid.” He also said the judge’s “background is serious leftwing Democrat … about as leftwing as you get” – even while acknowledging Liman was nominated by Trump.

Giuliani said he did not regret defaming Freeman and Moss.

“I regret the persecution I have been put through,” he said.